Search
980 Menlo Ave, Los Angeles, CA 90006
Image 2 for 980 Menlo Ave, Los Angeles, CA 90006
Image 3 for 980 Menlo Ave, Los Angeles, CA 90006
View Photos

980 Menlo Ave Los Angeles, CA 90006

$9,450,000 Sold Price as of 05/25/2021
  • 32 Beds
  • 45 Baths
  • 32,139 Sq.Ft.
Sold
$9,450,000 Sold Price as of 05/25/2021 Refinance Your Mortgage
Map preview of 980 Menlo Ave, Los Angeles, CA 90006

Property Overview: 980 Menlo Ave Los Angeles, CA has 32 bedrooms, 45 bathrooms, 32,139 living square feet and 19,201 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
19,201
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21685318
City
Los Angeles
County
Los Angeles
Time on Site
1208 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 42
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $14,945
  • Pro Forma/Market Rent: $19,435
Unit Breakdown 2
  • # of Units: 26
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,393
  • Total Rent: $36,206
  • Pro Forma/Market Rent: $46,670
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $5,476
  • Pro Forma/Market Rent: $6,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.59
  • Gross Scheduled Income: --
  • Net Operating Income: $328,121
  • Gross Operating Income: $649,538
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 980 Menlo Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 42
  • Parcel Number: 5076002027
Location / Neighborhood
Location Information
  • Directions: Just North on Olympic Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 980 Menlo Ave

Last sold for $9,450,000 on May 25th, 2021

  • May, 2021

  • May 25, 2021

    Date

    Sold

    CRMLS: 21685318

    $9,450,000

    Price

  • Feb 25, 2021

    Date

    Active Under Contract

    CRMLS: 21685318

    $9,975,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21685318

    $9,975,000

    Price

  • October, 1996

  • Oct 1, 1996

    Date

    Sold (Public Records)

    Public Records

    $840,000

    Price

  • July, 1996

  • Jul 25, 1996

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

Show More

Tax History for 980 Menlo Ave

Assessed Value (2020): $1,269,850
Year Land Value Improved Value Assessed Value
2020 $446,764 $823,086 $1,269,850

Home Value Compared to the Market

This property vs the competition

980 Menlo Ave sold on May 25, 2021 for 738.24% 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 $310.37 per/sqft which puts the price per square foot 58.89% lower than the current median sale per square foot for the city of Los Angeles.

About 980 Menlo Ave

Detailed summary of property

980 Menlo Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 32 bedrooms, 45 bathrooms, roughly 32,139 living square feet, and sits on an approximately 19,201 square foot lot. 980 Menlo Ave was first listed on ArdentRealEstateGroup.com on January 26, 2021. The homeowner sold the property for $9,450,000. 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 738.24% higher than the current median priced home. Local homes that are currently for sale include 1728 N Sierra Bonita Ave, 9821 Acacia Ave and 2550 College Pl. While the average home in Los Angeles, CA is selling in 92 days, 980 Menlo Ave has a days on market of 30 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 980 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 980 Menlo Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
32,139
Lot Size
19,200
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
163,164
APN
5076-002-027

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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 980 Menlo Ave

Nearby Homes for Sale

667 S Carondelet St, Los Angeles, CA 90057
$8,785,000
18 Beds
59 Baths
28156 Sq.Ft.
667 S Carondelet St
Los Angeles, CA 90057
4233 Burns Ave, Los Angeles, CA 90029
$8,450,000
27 Beds
28 Baths
15444 Sq.Ft.
4233 Burns Ave
Los Angeles, CA 90029
2041 N Vermont Ave, Los Angeles, CA 90027
$9,500,000
7 Beds
31 Baths
22582 Sq.Ft.
2041 N Vermont Ave
Los Angeles, CA 90027
846 N Alta Vista Blvd, Los Angeles, CA 90046
$8,595,000
18 Beds
14 Baths
11497 Sq.Ft.
846 N Alta Vista Blvd
Los Angeles, CA 90046
5112 W Jefferson Blvd, Los Angeles, CA 90016
$8,995,000
0 Beds
0 Baths
31539 Sq.Ft.
5112 W Jefferson Blvd
Los Angeles, CA 90016
1633 N Laurel Ave, Los Angeles, CA 90046
$10,900,000
42 Beds
32 Baths
29283 Sq.Ft.
1633 N Laurel Ave
Los Angeles, CA 90046
1429 S Bedford St, Los Angeles, CA 90035
$8,750,000
19 Beds
16 Baths
9332 Sq.Ft.
1429 S Bedford St
Los Angeles, CA 90035
11755 National Blvd, Los Angeles, CA 90064
$8,995,000
36 Beds
36 Baths
23148 Sq.Ft.
11755 National Blvd
Los Angeles, CA 90064
11666 Mayfield Ave, Los Angeles, CA 90049
$8,300,000
15 Beds
18 Baths
14592 Sq.Ft.
11666 Mayfield Ave
Los Angeles, CA 90049
11942-11948 Darlington Ave, Los Angeles, CA 90049
$8,475,000
24 Beds
18 Baths
14456 Sq.Ft.
11942-11948 Darlington Ave
Los Angeles, CA 90049
11975-11977 Mayfield Ave, Los Angeles, CA 90049
$7,990,000
12 Beds
16 Baths
8902 Sq.Ft.
11975-11977 Mayfield Ave
Los Angeles, CA 90049
155 S Oak Knoll Ave, Pasadena, CA 91101
$8,250,000
137 Beds
10 Baths
1 Sq.Ft.
155 S Oak Knoll Ave
Pasadena, CA 91101

Recently Sold Homes Near 980 Menlo Ave

960 Menlo Ave, Los Angeles, CA 90006
$2,350,000 Last Sold Price
16 Beds
10 Baths
5424 Sq.Ft.
960 Menlo Ave
Los Angeles, CA 90006
942 Menlo Ave, Los Angeles, CA 90006
$2,200,000 Last Sold Price
32 Beds
59 Baths
6616 Sq.Ft.
942 Menlo Ave
Los Angeles, CA 90006
2816 San Marino St, Los Angeles, CA 90006
$7,100,000 Last Sold Price
36 Beds
30 Baths
21402 Sq.Ft.
2816 San Marino St
Los Angeles, CA 90006
1035 S Westmoreland Ave, Los Angeles, CA 90006
$5,975,000 Last Sold Price
20 Beds
28 Baths
20730 Sq.Ft.
1035 S Westmoreland Ave
Los Angeles, CA 90006

Related Resources to 980 Menlo Ave

New Listings in 90006
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote