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$1,995,000
Est. payment /mo
10 Beds
10 Baths
5,132 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,132 sqft
Price per Sqft $388
MLS Listing ID 25569941
Bedrooms 10
HOA Y/N No
Year Built 1924
Lot Size 7,300 Sqft
Property Description
Welcome to 1520 Menlo, a Spanish Colonial apartment complex in the heart of Pico-Union. The property consists of (10) one-bedroom units across five separate structures on a privately gated lot. Five of the ten units have received interior renovations leaving 50% of the units well under market rents allowing the next owner to add-value and achieve upside potential. As you enter through the gated courtyard you will find (6) bungalow style apartments and a Spanish Colonial fourplex in the rear. In total, the property collects $150,300 per year plus future upside making this an ideal addition to any real estate portfolio.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5056002037
Special Listing Condition Standard
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Listed by Scott Harvey Figure 8 Realty