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1521 Menlo Ave, Los Angeles, CA 90006
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1521 Menlo Ave Los Angeles, CA 90006

$1,020,000 Sold Price as of 09/24/2019
  • 6 Beds
  • 4 Baths
  • 3,948 Sq.Ft.
Sold
$1,020,000 Sold Price as of 09/24/2019 Refinance Your Mortgage
Map preview of 1521 Menlo Ave, Los Angeles, CA 90006

Property Overview: 1521 Menlo Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,948 living square feet and 8,176 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GREAT INVESTMENT OPPORTUNITY!!! Close to Korea Town and Downtown LA. This Gated Two Stories Building has 4 units in a Big Lot. Plenty of parking! Rear parking lot has 8 or more parking spaces. Well Maintained Property! Upgraded kitchen in 3 units with granite counter tops, cabinets, laminated wood flooring and refinished concrete parking lot. Easy management! Tenants pay Electricity, Gas and Trash. No Vacancy! Tenants Preferred Gated Property has Front & Back Yard for kids to play, BBQ and Enjoy the matured Avocado Trees. So Much Upside Potential and Development Opportunity! Property located Right next to 2 Major streets Venice Blvd. & Vermont Ave. So Convenience! McDonald's, Restaurants, Pharmacy, Coin Laundry and shops are steps away, around the corner or in the same block. Great Location! A MUST SEE!!!

Listed by Audrey Jung | BRE #01400834 | B & B Investment Properties
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
8,176
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19492014
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,251
  • Total Rent: $1,251
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,251
  • Total Rent: $1,251
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $928
  • Total Rent: $928
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,082
  • Total Rent: $1,082
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.36
  • Gross Scheduled Income: --
  • Net Operating Income: $33,232
  • Gross Operating Income: $54,170
  • Improvements Total: $359,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1521 Menlo Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Kitchen Information
  • Has Appliances
  • Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Parking Space, Concrete, Gated
Property Information
  • Total # of Units: 4
  • Parcel Number: 5056001020
Location / Neighborhood
Location Information
  • Directions: North East of Vermont Ave. & Venice Blvd. Turn into Menlo Ave. when you see McDonald’s at opposite corner.
View more facts & features

Local Los Angeles Agent

Sale History for 1521 Menlo Ave

Last sold for $1,020,000 on September 24th, 2019

  • September, 2019

  • Sep 25, 2019

    Date

    Sold

    CRMLS: 19492014

    $1,020,000

    Price

  • Sep 13, 2019

    Date

    Pending

    CRMLS: 19492014

    $1,049,000

    Price

  • Aug 22, 2019

    Date

    Active Under Contract

    CRMLS: 19492014

    $1,049,000

    Price

  • Jul 23, 2019

    Date

    Active

    CRMLS: 19492014

    $1,049,000

    Price

  • September, 2019

  • Sep 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,020,000

    Price

  • February, 2019

  • Feb 19, 2019

    Date

    Canceled

    CRMLS: 18316316

    $1,099,000

    Price

  • Jul 31, 2018

    Date

    Active

    CRMLS: 18316316

    $1,099,000

    Price

  • Jul 20, 2018

    Date

    Active Under Contract

    CRMLS: 18316316

    $1,099,000

    Price

  • Jun 21, 2018

    Date

    Active

    CRMLS: 18316316

    $1,099,000

    Price

  • Jun 19, 2018

    Date

    Active Under Contract

    CRMLS: 18316316

    $1,099,000

    Price

  • Feb 22, 2018

    Date

    Active

    CRMLS: 18316316

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY!!! Close to Korea Town and Downtown LA. This Gated Two Storied Building has 4 units in a Big Lot. Plenty of parking! Rear parking lot has 8 or more parking spaces. Well Maintained Property! Upgraded kitchen in 3 units with granite counter tops, cabinets, laminated wood flooring and refinished concrete parking lot. Easy management! Tenants pay Electricity, Gas and Trash. No Vacancy! Tenants Preferred Gated Property has Front & Back Yard for kids to play, BBQ and Enjoy the matured Avocado Trees. So Much Upside Potential and Development Opportunity! Property located Right next to 2 Major streets Venice Blvd. & Vermont Ave. Convenience Access to McDonald's, Restaurants, Pharmacy, Coin Laundry and shops which are around the corner or on the same block. Great Location! Fully occupied.

  • December, 2016

  • Dec 22, 2016

    Date

    Sold (Public Records)

    Public Records

    $899,000

    Price

Show More

Tax History for 1521 Menlo Ave

Assessed Value (2020): $1,020,000
Year Land Value Improved Value Assessed Value
2020 $800,000 $220,000 $1,020,000

Home Value Compared to the Market

This property vs the competition

1521 Menlo Ave sold on September 24, 2019 for 6.34% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $265.7 per/sqft which puts the price per square foot 63.3% lower than the current median sale per square foot for the city of Los Angeles.

About 1521 Menlo Ave

Detailed summary of property

1521 Menlo Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,948 living square feet, and sits on an approximately 8,176 square foot lot. 1521 Menlo Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,020,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.34% lower than the current median priced home. Local homes that are currently for sale include 1689 W 24th St, 1744 W 23rd St and 1609 Oak St. While the average home in Los Angeles, CA is selling in 106 days, 1521 Menlo Ave has a days on market of 31 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1521 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 1521 Menlo Ave

Public county record property details
Beds
6
Baths
4
Year built
1922
Sq. Ft.
3,948
Lot Size
8,176
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22,23
APN
5056-001-020

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.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
33
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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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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