8843 Menlo AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25046644
Year Built 1964
Lot Size 5,127 Sqft
Property Sub-Type Quadruplex
Property Description
8843 Menlo Ave is a value add 4plex located in
Los Angeles priced at only $247/sf. This well
maintained 4-Unit apartment building is
comprised of all oversized (4) 2-Bed/1-Bath
units with 77% in Rental upside! Stabilizes at a
9.47% cap rate and 7.81 GRM, this asset is ideal
for any savvy investor to unlock the income
potential.
Built in 1964, the subject property is spread out
over 3,640 Sq. Ft situated on a 5,126 Sq. Ft lot,
8843 Menlo Ave is a unique value-add
opportunity in an extremely fast growing rental
market of Los Angeles.
3438 McKinley is located just minutes the 110 fwy,
providing easy acces to USC, Downtown LA,
Gilbert Lindsay Park, Exposition Park, Lucas
Museum, Art's District, The Reef, BMO Stadium, LA
Live and billions of dollars worth of development
pouring into the neighborhood.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Laundry None
Exterior
Pool None
Community Features Urban
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,Government Loan
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,Government Loan
Special Listing Condition Standard