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2706 Menlo Ave, Los Angeles, CA 90007
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2706 Menlo Ave Los Angeles, CA 90007

$1,937,000 Sold Price as of 10/24/2021
  • 8 Beds
  • 4 Baths
  • 2,314 Sq.Ft.
Sold
$1,937,000 Sold Price as of 10/24/2021 Refinance Your Mortgage
Map preview of 2706 Menlo Ave, Los Angeles, CA 90007

Property Overview: 2706 Menlo Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,314 living square feet and 7,492 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this eight (8) Bedroom + Detached Rec Room + four (4) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and walking distance to the University of Southern California (USC).This three-story building was constructed of wood frame and stucco on a raised foundation built in 1908 with a square footage of 2,314 on a 7,492-square foot lot. The investment boasts spacious floor plans, on-site laundry, five (5) on-site parking spaces, and tenants pay for all water, trash, gas and electricity. Theres an excellent value-add opportunity to construct and ADU, and further increase cash flow (Buyer to Verify) The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.

Listed by Davis Saadian | BRE #01921748 | Keller Williams Beverly Hills
Co-listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,492
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21778244
City
Los Angeles
County
Los Angeles
Time on Site
1116 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 8
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $10,800
  • Total Rent: $10,800
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.7
  • Gross Scheduled Income: --
  • Net Operating Income: $886,945
  • Gross Operating Income: $128,008
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 2706 Menlo Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
Property Information
  • Total # of Units: 1
  • Parcel Number: 5055008024
Location / Neighborhood
Location Information
  • Directions: 2706 Menlo Avenue, Los Angeles, CA 90007
View more facts & features

Local Los Angeles Agent

Sale History for 2706 Menlo Ave

Last sold for $1,937,000 on October 24th, 2021

  • September, 2021

  • Sep 15, 2021

    Date

    Pending

    CRMLS: 21778244

    $1,775,000

    Price

  • Aug 30, 2021

    Date

    Active

    CRMLS: 21778244

    $1,775,000

    Price

  • October, 2018

  • Oct 26, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2014

  • Jan 15, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2706 Menlo Ave

Assessed Value (2020): $932,178
Year Land Value Improved Value Assessed Value
2020 $744,600 $187,578 $932,178

Home Value Compared to the Market

This property vs the competition

2706 Menlo Ave sold on October 24, 2021 for 58.48% higher 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 $767.07 per/sqft which puts the price per square foot 5.95% higher than the current median sale per square foot for the city of Los Angeles.

About 2706 Menlo Ave

Detailed summary of property

2706 Menlo Ave is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 2,314 living square feet, and sits on an approximately 7,492 square foot lot. 2706 Menlo Ave was first listed on ArdentRealEstateGroup.com on August 30, 2021. The homeowner sold the property for $1,937,000. 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 58.48% higher than the current median priced home. Local homes that are currently for sale include 2634 Dalton Ave, 1702 S Hoover St and 1616 S Bonnie Brae St. While the average home in Los Angeles, CA is selling in 106 days, 2706 Menlo Ave has a days on market of 16 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 2706 Menlo Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2706 Menlo Ave

Public county record property details
Beds
4
Baths
2
Year built
1908
Sq. Ft.
2,314
Lot Size
7,492
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
38
APN
5055-008-024

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2706 Menlo Ave

2824 Menlo Ave, Los Angeles, CA 90007
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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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