1503 Menlo Avenue

    Los Angeles (City), CA 90006
    • $2,090,000
    • STATUS: Active
    • ON SITE: 83 days
    • ID#: 20543072
    UPDATED: 53 min ago
    $2,090,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    Description

    Excellent location in Mid-Wilshire area near DTLA, Koreatown! Very rare huge lot-14,600 sq zoned RD 1.5 with Tier 3. Excellent development opportunity for savvy investors! Easy access to freeway I-10, !-101, !-110. Just few min drive to Dodgers stadium, LA live, Convention center, USC, Exposition Park, Hancock park! Seller maintained and upgraded a lot! There are abundant parking spaces for extra income! Heater/ Air- conditioner by electricity is installed in every unit. Electricity is metered separately. Catch the chance while you can!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T09:35:17.297. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/102236570

    1503 Menlo Avenue Los Angeles (City), CA 90006

    • Price: $2,090,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 20543072
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1890
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Excellent location in Mid-Wilshire area near DTLA, Koreatown! Very rare huge lot-14,600 sq zoned RD 1.5 with Tier 3. Excellent development opportunity for savvy investors! Easy access to freeway I-10, !-101, !-110. Just few min drive to Dodgers stadium, LA live, Convention center, USC, Exposition Park, Hancock park! Seller maintained and upgraded a lot! There are abundant parking spaces for extra income! Heater/ Air- conditioner by electricity is installed in every unit. Electricity is metered separately. Catch the chance while you can!
    Exterior Features

    Parking Features Assigned Parking YN Yes

    Interior Features

    Heating Electric Heating YN Yes

    Property Features

    Gross Income 125619.00 Gross Multiplier 16.60 Gross Operating Income 122379.00 Insurance Expense 3541.00 Maintenance Expense 5400.00 Net Operating Income 77019.00 Senior Community YN No Special Listing Conditions Standard Trash Expense 3086.00 Water Sewer Expense 3483.00 Zoning Lard1.5

    Listing provided courtesy of Sue Soyoung Kim of Bee Investment, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T09:35:17.297. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003