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1724 Menlo Ave is a NON-RENT-CONTROLLED 2024 build, five-unit community located in the vibrant Pico-Union neighborhood, just minutes from Downtown Los Angeles and Koreatown. This prime central location attracts strong rental demand from young professionals, students, and creatives, offering investors an impressive 6.05% stabilized cap rate with minimal expenses. The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs. Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown's vibrant nightlife. With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LA's strongest rental corridors.
Property Type(s):
Residential Income
| Last Updated | 9/16/2025 | Year Built | 2024 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Oven, Freezer, Gas Range, Microwave, Washer |
| AREA | C16 - Mid Los Angeles |
| EXTERIOR | Balcony |
| HEAT | Central |
| INTERIOR | Open Floorplan, Recessed Lighting |
| LOT | 6120 sq ft |
| LOT DESCRIPTION | Landscaped |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Modern |
| TAXES | 35976 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Neighborhood |
| WATER | Public |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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