942 Menlo Avenue

Los Angeles, CA 90006

$2,350,000
Price
8
Beds
11
Baths
6,616 Sq. Ft.
$355 / Sq. Ft.
6,616
Sq. Ft.
$355
per Sq. Ft.

Description

This 11-unit two story apartment complex, consist of good size units, (1) 2 bedroom + 1 Bath, (5) 1 bedroom + 1 bath and (5) single + 1 bath. On site parking and on-site laundry facility with additional $3600.00 income. Owner recently completed retrofitting, new paint for the building and newly paved parking spaces. Low maintenance building and easy to maintain. The current rents are low but has great potential for increase in rental income. This apartment complex is conveniently located in the heart...This 11-unit two story apartment complex, consist of good size units, (1) 2 bedroom + 1 Bath, (5) 1 bedroom + 1 bath and (5) single + 1 bath. On site parking and on-site laundry facility with additional $3600.00 income. Owner recently completed retrofitting, new paint for the building and newly paved parking spaces. Low maintenance building and easy to maintain. The current rents are low but has great potential for increase in rental income. This apartment complex is conveniently located in the heart of K-Town and mid-Wilshire area, short distance to DTLA, Hollywood, shopping center, market, restaurants and many well-known eateries in K-Town. Walking distances to public transportation and easy access to 10 & 101 FWY. This is a great opportunity for investors as property being R-4 Tier-4 with over 8700 sq. ft. lot.
  1. Listed by Enny E. Chong • DRE #01419676 • Brokerage DRE #00908242 • Ivy Realty Co.
  2. Listed by Kyi Lee • DRE #01815410 • Brokerage DRE #01067529 • KORUS Real Estate

Property Details for 942 Menlo Avenue

Zoning
LAR4
Parcel Number
5076002025
Total Units
11.0
Living Area
6616
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
8763
LISTING UPDATED: 12/15/2024 11:26 AM

Property Details for 942 Menlo Avenue

StatusActive
MLS #24-428865
Days on Market126
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.20 AC / 8,763 SF
CountyLos Angeles County

Building Information for 942 Menlo Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.20 AC / 8,763 SF

Property Information for 942 Menlo Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s)
  • Water Heaters: Yes
  • ADA Compliance: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $160,440
  • Net Operating Income: $100,831.00
  • Gross Income: $160,440
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $14.60
  • Actual Annual Gross Rent: $156,886.00
  • Actual Gross Annual Income: $160,440
  • Actual Rent Total: $156,886.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 59609
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2012
  • Lot Size Square Feet: 8763
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport Attached, Auto Driveway Gate
  • Total Parking: 8
  • Parking Features: Assigned, Attached Carport, Auto Driveway Gate
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Cooking Appliances: Cooktop - Gas, Oven, Oven-Gas, Gas
  • Laundry: Community, Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-19-2024
  • Listing Terms: Cash To New Loan, Conventional
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,372.00
  • Unit Actual Rent: $1,372.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,252.00
  • Unit Actual Rent: $1,252.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,639.00
  • Unit Actual Rent: $1,639.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,252.00
  • Unit Actual Rent: $1,252.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,534.00
  • Unit Actual Rent: $1,534.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,282.00
  • Unit Actual Rent: $1,282.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $737.00
  • Unit Actual Rent: $737.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $974.00
  • Unit Actual Rent: $974.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $921.00
  • Unit Actual Rent: $921.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,086.00
  • Unit Actual Rent: $1,086.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,021.00
  • Unit Actual Rent: $1,021.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $630,706.00
  • Assessed Improvement Percent: 27.27
  • Assessed Land Value: $1,681,885.00
  • Assessed Land Percent: 72.73
  • Assessed Total Value: $2,312,591.00

Property History for 942 Menlo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 942 Menlo Avenue

Taxable ValueLand$1,715,522Additions$645,470Total$2,360,992
Tax Record2024$29,656 ($2,471 / month)
Home Facts
Total Finished SqFt6,616 SqFtAbove Grade Finished SqFt6,616 SqFtLot Size8,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR4CountyLOS ANGELESAPN5076-002-025

Schools near 942 Menlo Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hoover Street Elementary School
PublicK to 5

Young Oak Kim Academy
Public6 to 8

Berendo Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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942 Menlo Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on August 18, 2024 by Ivy Realty Co., it's currently listed at $2,350,000. It has been on the market for a total of 126 days and was last sold on July 19, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Hoover Street Elementary School, Young Oak Kim Academy and Berendo Middle School. 942 Menlo Avenue is a 8-bed, 11-bath, 6,616 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ivy Realty Co., Enny E. Chong, DRE #01419676; KORUS Real Estate, Kyi Lee, DRE #01815410

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.