1724 Menlo Avenue, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
Listed by:lauren cearley
Office:myunits.com inc.
MLS#:BB25218032
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,999,000
About this home
1724 Menlo Ave is a NON-RENT-CONTROLLED 2024 build, five-unit community located in the vibrant Pico-Union neighborhood, just minutes from Downtown Los Angeles and Koreatown. This prime central location attracts strong rental demand from young professionals, students, and creatives, offering investors an impressive 6.05% stabilized cap rate with minimal expenses. The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs. Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatowns vibrant nightlife. With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LAs strongest rental corridors.
Contact an agent
Home facts
- Listing ID #:BB25218032
- Added:49 day(s) ago
- Updated:November 05, 2025 at 06:22 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:16
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$2,999,000
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.New listings near 1724 Menlo Avenue
- New
$1,400,000Active-- beds -- baths309 Avenue 50, Los Angeles, CA 90042
MLS# AR25252719Listed by: ALTC REALTY - New
$937,000Active-- beds -- baths800 90th, Los Angeles, CA 90002
MLS# DW25252224Listed by: CENTURY 21 A BETTER SERVICE - New
$2,799,000Active-- beds -- baths300 25th, Los Angeles, CA 90011
MLS# DW25253848Listed by: CENTURY 21 A BETTER SERVICE - New
$1,229,000Active-- beds -- baths1915 Orange Drive, Los Angeles, CA 90016
MLS# GD25252273Listed by: CRESTVIEW REAL ESTATE - New
$995,000Active-- beds -- baths2962 Tyburn Street, Los Angeles, CA 90039
MLS# P1-24799Listed by: BERKSHIRE HATHAWAY HOME SERVIC - New
$1,500,000Active-- beds -- baths2714 Queen, Los Angeles, CA 90039
MLS# PW25252637Listed by: EXP REALTY OF SOUTHERN CA, INC - New
$2,295,000Active-- beds -- baths1045 20th Street, Los Angeles, CA 90011
MLS# SB25252903Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC. - New
$725,000Active-- beds -- baths5307 Compton Avenue, Los Angeles, CA 90011
MLS# SR25252552Listed by: LUXURY COLLECTIVE - New
$839,000Active-- beds -- baths8741 Cattaraugus Avenue, Los Angeles, CA 90034
MLS# SR25252666Listed by: EXCLUSIVE REALTY INC. - Open Sun, 1 to 4pmNew
$1,499,900Active-- beds -- baths15233 Camarillo Street, Sherman Oaks, CA 91403
MLS# SR25252811Listed by: THE AGENCY
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.