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1114 Menlo Ave, Los Angeles, CA 90006
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1114 Menlo Ave Los Angeles, CA 90006

$4,450,000 Sold Price as of 02/09/2022
  • 128 Beds
  • 0 Baths
  • 12,400 Sq.Ft.
Sold
$4,450,000 Sold Price as of 02/09/2022 Refinance Your Mortgage
Map preview of 1114 Menlo Ave, Los Angeles, CA 90006

Property Overview: 1114 Menlo Ave Los Angeles, CA has 128 bedrooms, -- bathrooms, 12,400 living square feet and 20,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OPPORTUNITY ZONE, OPPORTUNITY ZONE, IS ALL YOU NEED TO KNOW!!!! THESE two 8 unit building side by side consist of 16 units on a 100x200 20,000 square foot parcel ZONING IS R4-VL TIER 3, WHICH ACCORDING TO THE CITY OF LOS ANGELES, UP TO 87 UNITS COULD BE BUILT HERE! BEING IN THE OPPORTUNITY ZONE if you can fit them the city says you can build them! Lots of new construction in this area, BUT this location extras Extra wide street 88 feet, help take away some of those construction headaches, existing 20,000 of land raised about 5 feet above street level, street to alley again those construction headaches> REALTORS, DEVELOPERS, CONTRACTORS TAKE NOTICE THIS IS A REAL OPPORTUNITY Property in family a long time, have outlived it's usefulness Sellers are selling "AS IS" AS a development site. You collect rents as you are doing your plans,financing etc.etc.

Listed by Steve Legare | BRE #00452827 | West Shores Realty, Inc.
Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
20,000
HOA Dues
$0/mo
Year built
1939
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB21231471
City
Los Angeles
County
Los Angeles
Time on Site
941 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 8
  • # of Baths: 0
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $97,500
  • Total Rent: $97,500
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 8
  • # of Baths: 0
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $195,000
  • Total Rent: $97,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $195,000
  • Net Operating Income: $155,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $40,000
  • Electric: $4,000
  • Gas/Fuel: $0
  • Trash: $4,000
  • Insurance: $9,500
  • Professional Management: $6,000
  • Water/Sewer: $6,000

Property Details for 1114 Menlo Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 6-10 Units/Acre, Front Yard, Gentle Sloping, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Value In Land
  • Lot Size Source: Estimated
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: near pico and vermont
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1114 Menlo Ave

Last sold for $4,450,000 on February 9th, 2022

  • February, 2022

  • Feb 9, 2022

    Date

    Sold

    CRMLS: SB21231471

    $4,450,000

    Price

  • Oct 23, 2021

    Date

    Active

    CRMLS: SB21231471

    $2,500,000

    Price

Tax History for 1114 Menlo Ave

Assessed Value (2020): $135,124
Year Land Value Improved Value Assessed Value
2020 $48,393 $86,731 $135,124

Home Value Compared to the Market

This property vs the competition

1114 Menlo Ave sold on February 9, 2022 for 320.17% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $403.23 per/sqft which puts the price per square foot 46.59% lower than the current median sale per square foot for the city of Los Angeles.

About 1114 Menlo Ave

Detailed summary of property

1114 Menlo Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 128 bedrooms, -- bathrooms, roughly 12,400 living square feet, and sits on an approximately 20,000 square foot lot. 1114 Menlo Ave was first listed on ArdentRealEstateGroup.com on October 20, 2021. The homeowner sold the property for $4,450,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 320.17% higher than the current median priced home. Local homes that are currently for sale include 1819 S Gramercy Pl, 821 S Wilton Pl and 406 S St Andrews Pl. While the average home in Los Angeles, CA is selling in 92 days, 1114 Menlo Ave has a days on market of 30 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1114 Menlo Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1114 Menlo Ave

Public county record property details
Beds
8
Baths
8
Year built
1939
Sq. Ft.
6,216
Lot Size
10,004
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
144
APN
5076-010-008

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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