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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,900,000

Est. payment - /mo

6,120 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26115819

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $35,976

Lot Size 6,120 Sqft

Property Sub-Type Quadruplex

Property Description

1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.37% stabilized cap rate, low operating expenses, and an exceptional price point at under $400/SF — an increasingly rare value for new construction multifamily in central Los Angeles.

The property features an ideal unit mix across two modern buildings, consisting of two 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one 1-bedroom/1-bathroom unit. Each residence includes private entrances, in-unit washers and dryers, separately metered gas, water, and electricity, and luxury finishes throughout, including modern kitchens, designer tile, high ceilings, and oversized windows. The property also offers eight dedicated parking spaces, enhancing long-term tenant appeal. With a Walk Score of 85 and close proximity to LA Live, Crypto.com Arena, the Arts District, and Koreatown's dining and nightlife.

1726 Menlo Ave is well positioned to attract strong tenant demand from students, young professionals, and creatives alike. As new
multifamily construction opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Interior Features Balcony, Open Floorplan, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Dryer, Washer

Laundry Inside

Exterior

Fence New Condition

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5056021016

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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1724 Menlo AVE Los Angeles, CA 90006