6612 Menlo AVE Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $335
MLS Listing ID 25597399
Bedrooms 8
Year Built 1925
Lot Size 8,594 Sqft
Property Description
We are pleased to present 6612 Menlo Ave, a 10-unit multifamily community in Los Angeles, offered at a 7.77 GRM and an 8.92% CAP on current rents, with upside potential to achieve a 6.94 GRM and a 10.35% CAP with market rents. This opportunity consists of five separate duplexes offering of a total of 4,620 rentable square feet. Built in 1925, the property sits on a large, 8,593 square foot LARD2-zoned corner lot. The unit mix features two (2) studios and eight (8) one-bedroom one-bathroom units. Two units will be delivered VACANT. Located on the corner of S Menlo Ave and W 68th St, this property is located near Mount Caramel Recreation Center, six blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include Dragon Loco Chinese Food, Tom's Jr Express, A Taste of Toya, Tacos El Pajaro, LA Pulperia Catracha #3, Tacos El Vecino and more. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Exterior
Parking Features None
Building
Story 1
New Construction No
Others
Special Listing Condition Standard