Overview
- 15
- 15
- 7700
- 2023
Description
Presenting a prime investment opportunity in Los Angeles: five newly constructed units, completed in 2023, are available directly from the developer. This strategically located property offers a strong income stream with a 6.24% cap rate and potential for additional ADU conversions. Each unit showcases modern finishes for a luxurious living experience, featuring independent metering for gas, water, and electricity to ensure low-maintenance efficiency. Covering 7,700 square feet, the property includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all in the dynamic Pico-Union area. Thoughtfully designed with en-suite bathrooms in every bedroom and ample parking for tenants, this offering is ideal for 1031 exchange buyers and investors seeking steady cash flow in a vibrant market. Conveniently situated just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property is a standout investment choice.
Address
Open on Google Maps- Address Menlo
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90006
Details
Updated on July 3, 2025 at 11:08 pm- Property ID: HZ25529927
- Price: $2,995,000
- Property Size: 7700 Sq Ft
- Bedrooms: 15
- Bathrooms: 15
- Year Built: 2023
- Property Status: ResidentialIncome
- Listed by: Armin Soleimani
- DRE #: 01846872
- Contact Phone: 8185240706|5
- Contact Mail: arminsoleimani@gmail.com
- Brokered by: Global Platinum Properties, Inc.
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