$1,949,500

Sold

A year ago

4217 Menlo Ave, Los Angeles, CA

Name: 4217 Menlo Ave, Sold in Los Angeles - eXp Realty
Brand: Lyon Stahl Investment Real Estate, Inc.
SKU: SB25057071
Price: 1949500 USD

Condo

MLS® SB25057071

0 Bed

0 Bath

11 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes

Approx. Age 1948

MLS® Number SB25057071

Property Address: 4217 Menlo Ave, Los Angeles, CA, 90037-2512

Average square foot calculated using Size range provided by listing agent.

Description

Don’t miss this very interesting one-of-a-kind opportunity in the 90037 area code. This 20, 539 sq. Ft. R3-zoned, street to alley multifamily lot has huge upside potential. Super low rents with approximately 50% upside. An astute investor can purchase the property for income now with the potential to build new units down the road. 8.15 GRM at Market Rents and close to a 9% CAP Rate at Market Rents. In the Tier-3 TOC with zoning allowing for the potential construction of a three-story, 25-unit building Prior to developing, buyers can take advantage of the desirability of owning and remodeling a much sought after property featuring bungalow units (which tenants are often willing to pay a premium rent). Residents benefit from the property’s prime location with easy access to public transportation and major freeways, commuting to Downtown Los Angeles and located within 1 mile of the U.S.C. Campus. Property consists of 8 separate single-story buildings on a 20, 539 sq. Ft. Street to alley R3 Lot. The 20, 539 sq. Ft. Includes an approximately 5, 000 sq. Ft. Parking area in the back (off of the alley), on which a buyer could possibly consider building ADU's. Tenants' benefit from a gated entrance front and rear There are three large 2-bedroom units (each approximately 1, 000 sq. Ft.) and eight 1-bedroom units (each approximately 659 sq. Ft.). Separately metered for gas and electricity Rents are super low. Even better for Investors is the fact that three of the 1-bedroom units will be delivered vacant (all in need of work) at the close of escrow. Each tenant has one allocated spot in the 50’ by 100’ gated parking lot in the back of the property. Building presents an exciting opportunity to increase rents and add value. Located less than one block from Manual Arts High School.

MLS® NumberSB25057071

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelNone

Exposure

Exterior

GarageNo

Approx. Age1948

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

Jun 10, 2025End Date

$1,800,000Sold Price

Sold

Mar 14, 2025List Date

$1,949,500List Price

Commute

Commute

Starting Address

Destination Address

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