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1330 Menlo Ave, Los Angeles, CA 90006
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1330 Menlo Ave Los Angeles, CA 90006

$800,000 Sold Price as of 03/21/2024
  • 3 Beds
  • 3 Baths
  • 2,128 Sq.Ft.
Sold
$800,000 Sold Price as of 03/21/2024 Refinance Your Mortgage
Map preview of 1330 Menlo Ave, Los Angeles, CA 90006

Property Overview: 1330 Menlo Ave Los Angeles, CA has 3 bedrooms, 3 bathrooms, 2,128 living square feet and 7,303 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention all investors! 3-unit property near Downtown. Each unit is a seperate house that is 1 bed and 1 bath. There is a 3 car detached garage. All 3 units are tenant occupied and all on month to month tenancy. Tenants will not relocate and will not accept cash for keys. Great potential for an ADU. 7,301 sq. ft. lot zoned LARD 1.5 property. Only showing with an accepted offer. Seller is looking to sell before the end of the year. All offers will be considered.

Listed by Edward Frish | BRE #01252271 | Pacific Inter Capital Investment Solutions, Inc
Last checked: 7 minutes ago | Last updated: May 22nd, 2024 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
7,303
HOA Dues
$0/mo
Year built
1954
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
SR23219610
City
Los Angeles
County
Los Angeles
Time on Site
217 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $768
  • Total Rent: $768
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,393
  • Total Rent: $1,393
  • Pro Forma/Market Rent: $1,393
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,335
  • Total Rent: $1,335
  • Pro Forma/Market Rent: $1,335
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $41,961
  • Net Operating Income: $17,789
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $24,172
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1330 Menlo Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5056002025
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: South of Pico Blvd & East of Vermont Ave
Neighborhood Information
  • Community Features: Sidewalks, Valley
View more facts & features

Local Los Angeles Agent

Sale History for 1330 Menlo Ave

Last sold for $800,000 on March 21st, 2024

  • March, 2024

  • Mar 21, 2024

    Date

    Sold

    CRMLS: SR23219610

    $800,000

    Price

  • Dec 1, 2023

    Date

    Active

    CRMLS: SR23219610

    $750,000

    Price

  • October, 2023

  • Oct 17, 2023

    Date

    Expired

    CRMLS: 23298959

    $950,000

    Price

  • Aug 8, 2023

    Date

    Active

    CRMLS: 23298959

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Great Great Great opportunity for development or owner-user income property. This 3 unit property is conveniently located with easy to access K Town, Downtown, 10 and 110 freeways. There are two 1 bedroom units and 1 two bedroom unit. Each unit is occupied, with approx 2128 sq feet of living space sitting on a large LARD 1.5 lot of over 7300 sq ft. And each unit has its own dedicated surface parking. The property also has a bonus, which is the 3 car detached garage in the rear. This garage is VACANT and the sale comes with RTI (ready to issue) plans to convert the garage into a 575sq ft ADU. Once built, the ADU can be used as a short term rental on Airbnb or as a regular long term rental. This property comes with tons of opportunity and potential upside. Please DO NOT DISTURB the tenants. All units will be delivered OCCUPIED. Showing with an accepted offer.

  • May, 2023

  • May 13, 2023

    Date

    Expired

    CRMLS: 23266770

    $1,199,000

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: 23266770

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    Great Great Great opportunity for development or owner-user income property. This 3 unit property is conveniently located with easy to access K Town, Downtown, 10 and 110 freeways. Each unit is occupied, with approx 2128 sq feet of living space sitting on a large LARD 1.5 lot of over 7300 sq ft. And each unit has its own dedicated surface parking. The property also has a bonus, which is the 3 car detached garage in the rear. The garage DOES qualify for LA Cities ADU conversion. This property comes with tons of opportunity and potential upside. Please DO NOT DISTURB the tenants. Drive-by ONLY.

  • December, 2022

  • Dec 1, 2022

    Date

    Expired

    CRMLS: 22212299

    $1,050,000

    Price

  • Oct 25, 2022

    Date

    Active

    CRMLS: 22212299

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    VALUE ADD OPPORTUNITY - Currently there are 3 separated single family homes on one lot. All three homes are structurally in great condition and are well cared for. There is a large three car garage in the back of the property that is EMPTY. The garage is not part of any of the tenant's leases and can be used in many ways! This sale comes with COMPLETELY APPROVED plans to turn the 3 car garage into an ADU - easily turning this triplex (three homes on one lot) into a FOURPLEX (four homes on one lot)! Also, two out of three tenants are willing to do CASH FOR KEYS, meaning, not only will you have four homes on one lot, but you will also be able to charge market rent! Don't sleep on this opportunity!

  • June, 2022

  • Jun 1, 2022

    Date

    Expired

    CRMLS: 22153181

    $995,000

    Price

  • May 4, 2022

    Date

    Active

    CRMLS: 22153181

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Attention all investors! 3-unit property in prime location near Downtown. Each unit is a seperate house that is 1 bed and 1 bath. The third house has a second room that could be considered another bedroom. All units have been well cared for. There is a 3 car detached garage. All 3 units are tenant occupied and all on month to month tenancy. Great potential for an ADU. Developers can build up to 9 units using density bonus on this 7,301 sq. ft. zoned LARD 1.5 property.

  • May, 2022

  • May 3, 2022

    Date

    Sold

    CRMLS: 22141165

    $956,000

    Price

  • Mar 29, 2022

    Date

    Active

    CRMLS: 22141165

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    Attention all investors! 3-unit property in prime location near Downtown. Each unit is a seperate house and 1 bed and 1 bath. There is a 3 car detached garage. All 3 units are tenant occupied and all on month to month tenancy. Great potential for an ADU.

  • May, 2010

  • May 10, 2010

    Date

    Sold (Public Records)

    Public Records

    $395,000

    Price

  • August, 2009

  • Aug 20, 2009

    Date

    Sold (Public Records)

    Public Records

    $344,205

    Price

Show More

Tax History for 1330 Menlo Ave

Assessed Value (2020): $466,205
Year Land Value Improved Value Assessed Value
2020 $295,068 $171,137 $466,205

Home Value Compared to the Market

This property vs the competition

1330 Menlo Ave sold on March 21, 2024 for 41.13% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $352.44 per/sqft which puts the price per square foot 55.44% lower than the current median sale per square foot for the city of Los Angeles.

About 1330 Menlo Ave

Detailed summary of property

1330 Menlo Ave is a triplex that recently sold in Los Angeles, CA 90006. This triplex offered 3 bedrooms, 3 bathrooms, roughly 2,128 living square feet, and sits on an approximately 7,303 square foot lot. 1330 Menlo Ave was first listed on ArdentRealEstateGroup.com on December 1, 2023. The homeowner sold the property for $800,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.13% lower than the current median priced home. Local homes that are currently for sale include 1996 W Jefferson Blvd, 218 E 27th St and 1351 W 39th St. While the average home in Los Angeles, CA is selling in 100 days, 1330 Menlo Ave has a days on market of 5 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1330 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 1330 Menlo Ave

Public county record property details
Beds
3
Baths
3
Year built
1954
Sq. Ft.
2,088
Lot Size
7,300
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5056-002-025

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.
$597
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
40
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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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