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1503 Menlo Ave

Los Angeles, CA 90006
  • $2,200,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 22-116449
UPDATED: 57 min ago
$2,200,000
  • 8
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,563
    SQFT
  • $395
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

Description

We are pleased to present a great opportunity for developers and savvy investors! This prime location is adjacent to K-Town, DTLA, Silverlake/Echo park and Hollywood! Extremely rare and huge lot - 14600 SQ zoned RD1.5 with Tier 3. Easy access to freeway I-10, I-101 and I-110. The seller has maintained and upgraded a lot! There are abundant parking spaces for extra income. All units are provided with an electric heater, A/C. Good tenants with current rent up to date. A must see property!

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T07:42:19.183. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/124510356
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1503 Menlo Ave Los Angeles, CA 90006

  • Price: $2,200,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 57 min ago
  • MLS #: 22-116449
8
Beds
0
Baths
0
½ Baths
0.34
Acres
5,563
SQFT
$395
$/SQFT
1890
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
We are pleased to present a great opportunity for developers and savvy investors! This prime location is adjacent to K-Town, DTLA, Silverlake/Echo park and Hollywood! Extremely rare and huge lot - 14600 SQ zoned RD1.5 with Tier 3. Easy access to freeway I-10, I-101 and I-110. The seller has maintained and upgraded a lot! There are abundant parking spaces for extra income. All units are provided with an electric heater, A/C. Good tenants with current rent up to date. A must see property!
Exterior Features

Lot Size Area 14600 Other Structures Other Parking Garage Assigned Style Arts And Crafts Total Parking 20 View Description City View YN Yes

Interior Features

Baths Total 11.00 Cooling Window Unit(S) Equipment Range/Oven Heating Other

Property Features

Assessed Total Value 802497 Gross Income 10817 Gross Operating Income 10817 Like Units1 11 Net Operating Income 76492.00 Number Of Buildings 2 Number Of Units 11 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 53321 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Sue Soyoung Kim DRE#01827069 of Bee Investment, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T07:42:19.183. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270