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960 Menlo Ave, Los Angeles, CA 90006
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960 Menlo Ave Los Angeles, CA 90006

$2,350,000 Sold Price as of 07/19/2019
  • 16 Beds
  • 10 Baths
  • 5,424 Sq.Ft.
Sold
$2,350,000 Sold Price as of 07/19/2019 Refinance Your Mortgage
Map preview of 960 Menlo Ave, Los Angeles, CA 90006

Property Overview: 960 Menlo Ave Los Angeles, CA has 16 bedrooms, 10 bathrooms, 5,424 living square feet and 9,651 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Best Koreatown location close to DTLA! Development Opportunity in one of the most Densely Populated areas of Koreatown, Take advantage of TOC Tier 3 Density bonus. This property is entitled for a 22-unit, 7-story new construction complex with a mechanical parking basement. Rents for new apartments are going from $1,500~$3,000 per/unit in the area. Huge Income Producing Opportunity, R4-1 Zoning, Many Commercial Amenities, Metro Stations are walking distance or short Bike Ride. Area is experiencing Mass Gentrification, hundreds of New Apartment and condo projects are currently under construction. Currently the Lot has a Four Units which includes a 10 bedrooms 6 bathrooms SFR that currently operates as a boarding house. Please see K-Town Hotel on same street for similar posibilities.

Listed by Jaime Garcia | BRE #01233300 | Century 21 Allstars
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
9,651
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW19112009
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 10
  • # of Baths: 6
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,650
  • Total Rent: $5,650
  • Pro Forma/Market Rent: $9,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $131,880
  • Net Operating Income: $108,480
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,400
  • Electric: $3,600
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $1,800
  • Water/Sewer: $18,000

Property Details for 960 Menlo Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Assigned, Carport, Attached Carport
Lot Information
  • Lot Features: Value In Land
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5076002021
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Olympic Blvd. East of Vermont Ave.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 960 Menlo Ave

Last sold on January 13th, 2020

  • January, 2020

  • Jan 13, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2019

  • Jul 19, 2019

    Date

    Sold

    CRMLS: DW19112009

    $2,350,000

    Price

  • Jun 26, 2019

    Date

    Pending

    CRMLS: DW19112009

    $3,500,000

    Price

  • May 14, 2019

    Date

    Active

    CRMLS: DW19112009

    $3,500,000

    Price

  • July, 2019

  • Jul 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,350,000

    Price

Show More

Tax History for 960 Menlo Ave

Assessed Value (2020): $2,350,000
Year Land Value Improved Value Assessed Value
2020 $1,765,000 $585,000 $2,350,000

Home Value Compared to the Market

This property vs the competition

960 Menlo Ave sold on July 19, 2019 for 194.12% 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 $645.28 per/sqft which puts the price per square foot 14.53% lower than the current median sale per square foot for the city of Los Angeles.

About 960 Menlo Ave

Detailed summary of property

960 Menlo Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 16 bedrooms, 10 bathrooms, roughly 5,424 living square feet, and sits on an approximately 9,651 square foot lot. 960 Menlo Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,350,000. 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 194.12% higher than the current median priced home. Local homes that are currently for sale include 1142 S Mariposa Ave, 1731 S New Hampshire Ave and 1037 S Bonnie Brae St. While the average home in Los Angeles, CA is selling in 92 days, 960 Menlo Ave has a days on market of 43 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 960 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 960 Menlo Ave

Public county record property details
Beds
15
Baths
9
Year built
1913
Sq. Ft.
5,447
Lot Size
9,651
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
168
APN
5076-002-021

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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(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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