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$2,900,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.37% stabilized cap rate, low operating expenses, and an exceptional price point at under $400/SF - an increasingly rare value for new construction multifamily in central Los Angeles. The property features an ideal unit mix across two modern buildings, consisting of two 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one 1-bedroom/1-bathroom unit. Each residence includes private entrances, in-unit washers and dryers, separately metered gas, water, and electricity, and luxury finishes throughout, including modern kitchens, designer tile, high ceilings, and oversized windows. The property also offers eight dedicated parking spaces, enhancing long-term tenant appeal. With a Walk Score of 85 and close proximity to LA Live, Crypto.com Arena, the Arts District, and Koreatown's dining and nightlife. 1726 Menlo Ave is well positioned to attract strong tenant demand from students, young professionals, and creatives alike. As new multifamily construction opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.

Full Property Details for 1724 Menlo Ave

General

  • Price: $2,900,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: BB26115819
  • Updated: 5/29/2026
  • Days on Market: 2 days
  • Added to Site: 3 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Living Room
  • Interior Features: Balcony, Recessed Lighting, Open Floorplan
  • Fireplace(s): None
  • Appliances: Microwave, Gas Range, Electric Oven, Freezer, Dishwasher
  • Flooring: Tile, Laminate

Rooms

Other Rooms

  • Laundry: Inside, Washer Included, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Location

  • Area: C16 - Mid Los Angeles
  • County: Los Angeles
  • Development Name: C16 - Mid Los Angeles
  • Driving Directions: 1724 Menlo Ave offers investors a centrally located asset with immediate access to the I-10 Freeway, USC, Exposition Park, DTLA, and strong surrounding tenant demand

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 5
  • # Gas Meters: 5
  • # Electric Meters: 6

Structural Information

  • Architectural Style: Modern
  • Entry Location: 1
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 7,300
  • Year Built: 2024

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 4

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 4

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 3

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 3

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: City Lights, Neighborhood
  • Lot Size (Acres): 0.1405
  • Lot Size (Sq. Ft.): 6,122
  • Lot Size Source: Builder
  • Lot Description: Landscaped

Financial Considerations

  • Price Per Sq. Ft.: $397.26
  • Price Per Unit: 580000

Listed by Myunits.com Inc., Cheyenne Womack and Myunits.com Inc., Lauren Cearley

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Listing agents

— 1724 Menlo Ave —

  • Cheyenne Womack

    Myunits.com Inc.

  • Lauren Cearley

    Myunits.com Inc.

805-973-7470

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1724 Menlo Ave

School District:Los Angeles Unified School District
NameGradesDistance
Magnolia Avenue Elementary School
1626 S. Orchard Ave., Los Angeles, CA 90006
PK-50.2 mi
Berendo Middle School
1157 South Berendo Street, Los Angeles, CA 90006
6-80.6 mi
West Adams Preparatory High School
1500 West Washington Boulevard, Los Angeles, CA 90007
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1724 Menlo Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/28/2026
Listed
$2,900,000
220.44%
MLS
6/18/2021
Sold
$905,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1724 Menlo Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,017
3%
$979,598
4%
2023
$11,653
5%
$941,561
2%
2022
$11,118
261%
$923,100
285%
2021
$3,084
-1%
$239,945
1%
2020
$3,110
4%
$237,486
2%
2019
$2,996
5%
$232,831
2%
2018
$2,861
2%
$228,267
2%
2017
$2,801
3%
$223,792
2%
2016
$2,725
1%
$219,405
2%
2015
$2,686
-1%
$216,110
2%
2014
$2,704
—
$211,878
—
2013
$2,698
—
$210,921
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Myunits.com Inc., Cheyenne Womack and Myunits.com Inc., Lauren Cearley

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1724 Menlo Avenue, Los Angeles, CA 90006 (MLS# BB26115819) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1724 Menlo Avenue is currently listed for $2,900,000 and was received on May 28, 2026. Want to learn more about 1724 Menlo Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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