1606 Menlo Ave Los Angeles, CA 90006

$654,270 Sold Price as of 09/27/2019

3 Beds
1 Baths
2,296 Sq.Ft.

Off Market

$654,270 Sold Price as of 09/27/2019 Refinance Your Mortgage

Map preview of 1606 Menlo Ave, Los Angeles, CA 90006

Property Overview: 1606 Menlo Ave Los Angeles, CA has 3 bedrooms, 1 bathrooms, 2,296 living square feet and 7,300 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1606 Menlo Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1606 Menlo Ave

Last sold for $654,270 on September 27th, 2019

September, 2019
Sep 27, 2019

Date

Sold (Public Records)

Public Records

$654,270

Price
August, 2019
Aug 26, 2019

Date

Expired

CRMLS: SR19066674

$1,899,500

Price
Mar 26, 2019

Date

Active

CRMLS: SR19066674

$1,899,500

Price
Listing provided courtesy of CRMLS

Burts & Associates proudly presents a 18 Unit Multi-family Development opportunity for sale located at 1606 Menlo in Los Angeles. The Subject Property is Located in just South of Koreatown and West of Downtown Los Angeles. It is situated in a high demand rental area with thriving neighborhoods and transportation close by. The existing property consists of one 2,296 square foot SFR with 7 Bedroom and 2.5 baths. The building is situated on a 7,300 square foot lot Zoned LA CM-1 which allows for an R-3 development. The SFR will be delivered vacant at the close of escrow. 1606 Menlo provides the opportunity to utilize Tier 3 Transit-Oriented Community (TOC) incentive to build up to a 18 unit multifamily development. The additional incentives include increased FAR, reduced parking requirements and increased height allowances, which significantly improve the overall efficiency of the projects design and reduce the associated construction cost to build it. The SFR and property are to be delivered vacant at the close of escrow. The Seller is motivated to sell and would consider carrying a modest amount of short term private financing. Submit offers. The site is conveniently located close to the busy Vermont / Venice Boulevard intersection. The property has excellent visibility for future leasing signage from Venice Boulevard and Vermont Avenue. This location has terrific access to Downtown Los Angeles, Koreatown, USC as well as the Vermont Avenue Exit off the 10 Freeway.

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June, 2017
Jun 12, 2017

Date

Canceled

CRMLS: 317004150

$1,099,000

Price
May 10, 2017

Date

Active

CRMLS: 317004150

$1,099,000

Price
Listing provided courtesy of CRMLS

Tax History for 1606 Menlo Ave

Assessed Value (2020): $677,000

Year	Land Value	Improved Value	Assessed Value
2020	$541,600	$135,400	$677,000

About 1606 Menlo Ave

Detailed summary of property

1606 Menlo Ave is a single family home in Los Angeles, CA 90006 and last sold on September 27, 2019 for $654,270. This house has 3 bedrooms, 1 bathrooms, roughly 2,296 living square feet, and sits on an approximately 7,300 square foot lot. Homes in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.1% lower than the current median priced home. 1606 Menlo Ave was last sold on September 27, 2019 for $654,270. Local nearby listings include 958 S Grand View St, 2311 W 10th St #104 and 2311 W 10th St #302. The average home in Los Angeles, CA is selling in 98 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. If you are the homeowner and looking to sell the home at 1606 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 1606 Menlo Ave

Public county record property details

Beds: 3
Baths: 1
Year built: 1912
Sq. Ft.: 2,296
Lot Size: 7,300
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 5056-019-002

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

$839,000

Median List Price/Sq.Ft.

$609

Median Sold Price

$605,000

Median Sold Price/Sq.Ft.

$596

Total Inventory

Median Sale to List Price %

96.18%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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