2824 Menlo Avenue

    Los Angeles (City), CA 90007
    • $2,725,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 20546830
    UPDATED: 59 min ago
    $2,725,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1934
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this three (3) unit, 10-bedroom + 5-bathroom Student Housing investment opportunity located at 2824 Menlo Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year (4% increase). This tri-plex has been fully updated and remodeled, which consists of a beautiful two-unit historical Victorian with a private house situated at the rear of the parcel. All three units share a newly landscaped backyard, hot tub, and common area. The two units within the Victorian offer historical charm with modern amenities, while the rear house provides students withmodern amenities, secured garage parking, and alley access.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T17:30:58.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/102530784

    2824 Menlo Avenue Los Angeles (City), CA 90007

    • Price: $2,725,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 20546830
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1934
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    We are pleased to offer for sale this three (3) unit, 10-bedroom + 5-bathroom Student Housing investment opportunity located at 2824 Menlo Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year (4% increase). This tri-plex has been fully updated and remodeled, which consists of a beautiful two-unit historical Victorian with a private house situated at the rear of the parcel. All three units share a newly landscaped backyard, hot tub, and common area. The two units within the Victorian offer historical charm with modern amenities, while the rear house provides students withmodern amenities, secured garage parking, and alley access.
    Exterior Features

    Lot Size Source Assessor

    Property Features

    Gross Income 199368.00 Gross Multiplier 13.67 Gross Operating Income 199368.00 Net Operating Income 138746.00 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T17:30:58.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094