1520 Menlo Ave Immeuble residentiel 10 lots 1 745 565 € (174 557 €/Lot) Los Angeles, CA 90006

Welcome to 1520 Menlo, a Spanish Colonial apartment complex in the heart of Pico-Union. The property consists of (10) one-bedroom units across five separate structures on a privately gated lot. Five of the ten units have received interior renovations leaving 50% of the units well under market rents allowing the next owner to add-value and achieve upside potential. As you enter through the gated courtyard you will find (6) bungalow style apartments and a Spanish Colonial fourplex in the rear. In total, the property collects $150,300 per year plus future upside making this an ideal addition to any real estate portfolio.
Email for interior photos and/or any questions. Email offers to Scott@figure8re.com with proof of funds and pre-approval. Broker and broker's agents do not represent or guarantee the accuracy of the square footage, bedroom/bathroom count, lot size/dimensions, permitted or unpermitted spaces, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information through personal inspection & w/appropriate professionals to satisfy themselves.