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    2706 Menlo Ave

    Los Angeles, CA 90007
    • $1,775,000
    • STATUS: Pending
    • ON SITE: 25 days
    • MLS #: 21-778244
    Pending
    UPDATED: 45 min ago
    $1,775,000
    • 8
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,314
      SQFT
    • $767
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire this eight (8) Bedroom + Detached Rec Room + four (4) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and walking distance to the University of Southern California (USC).This three-story building was constructed of wood frame and stucco on a raised foundation built in 1908 with a square footage of 2,314 on a 7,492-square foot lot. The investment boasts spacious floor plans, on-site laundry, five (5) on-site parking spaces, and tenants pay for all water, trash, gas and electricity. Theres an excellent value-add opportunity to construct and ADU, and further increase cash flow (Buyer to Verify) The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. 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.jelmbergteam.com/homes/120949417
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    2706 Menlo Ave Los Angeles, CA 90007

    • Price: $1,775,000
    • Status: Pending
    • Updated: 45 min ago
    • MLS #: 21-778244
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,314
    SQFT
    $767
    $/SQFT
    1908
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to offer the opportunity to acquire this eight (8) Bedroom + Detached Rec Room + four (4) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and walking distance to the University of Southern California (USC).This three-story building was constructed of wood frame and stucco on a raised foundation built in 1908 with a square footage of 2,314 on a 7,492-square foot lot. The investment boasts spacious floor plans, on-site laundry, five (5) on-site parking spaces, and tenants pay for all water, trash, gas and electricity. Theres an excellent value-add opportunity to construct and ADU, and further increase cash flow (Buyer to Verify) The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.
    Exterior Features

    Lot Size Area 7492 Other Structures Other Parking Garage Other Total Parking 0

    Interior Features

    Baths Total 4.00 Cooling Central Equipment DishwasherDryerFreezerGarbage DisposalIce MakerMicrowaveRange/OvenWasherRefrigerator Flooring Hardwood Heating Central

    Property Features

    Assessed Total Value 932178 Gross Income 129600 Gross Operating Income 128008 Like Units1 1 Net Operating Income 886945.00 Number Of Buildings 2 Number Of Units 1 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 38314 Type Of Units Sfr Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. 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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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211