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1166 Menlo Avenue
Los Angeles, CA 90006


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Property Remarks

Great A+ Location! Excellent Rare Investment Opportunity. Beautiful 8 unit building with renovation: Dual Panel Window, New copper plumbing in partial, sewer line, electrical panels, renovated units, new appliances, hardwood flooring, LED recess lighting, new kitchen and bathroom cabinets, granite counter tops, New AC & heating systems and automatic garage door. The property has been foundation bolting in 2014. Subject to Buyers cooperation in 1031 Exchange. Sold on the basis of "AS-IS". Buyer and Buyer's agent verify all information.

Property Details

MLS#
17279542
Days on Market
42
Year Built
1940
Building/Living Area (sq ft)
6,216
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Mid-Wilshire (C17)

Presented By:

Listing provided courtesy of Ashley Kim , Realty One Group- Prime


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Additional Property Details

Number of Units
8
Parking Spaces
12
Number of Buildings
1
Gross Operating Income
$148,212
Total Expense
$24,632
ADA Compliance
No

AC/Cooling
Wall Unit(S)
Window Unit(S)
Heating
Wall Gas
Parking
Assigned

Koreatown

Where futuristic neon meets historic buildings, Koreatown’s central location and busy streets make it a fun and active neighborhood. Centered on Wilshire Boulevard and located just West of Los Angeles, K-Town, as it is also called is home to hip bars and clubs and has a lively East-meets-West appeal.

Real Estate: Lofts, condos and apartments for sale are prevalent in Koreatown although there are also a few single-family homes available. New luxury developments such as The Vermont offer plenty of apartments for rent.

Community Life: Karaoke bars are popular in this area. Aroma Spa & Sports has a driving range delivering on the unique experience of hitting golf balls among skyscrapers. Koreatown Plaza is full of unique shops and has a food court filled with Korean specialties.

Education: Koreatown is served by the Los Angeles Unified School District. Nearby schools include Central City Value charter high school, Ambassador School of Global Leadership, New Open World Academy, Virgil Middle School, Cahuenga Elementary and Young Oak Kim Academy. Private schools include Saint Brendan School elementary, new Horizon School and Saint James Episcopal Day School. The Korean Education Center, affiliated with the government of South Korea is on Wilshire Place. Southwestern Law School is located in the historic Art Deco-styled Bullock’s Wilshire building.

Transportation: Spanned by Wilshire Boulevard and Olympic Boulevard, Koreatown has many public transportation options including the Metro purple line and the Wilshire Rapid bus.

Local Attractions:  The site of the former Ambassador Hotel where Robert F. Kennedy was assassinated is now a high school and a memorial plaza. Hip dining and accommodations can be found at the Line Hotel founded by Roy Choi and partners. The Art-Deco-styled Wiltern is not only a great place to see a show, it and the Pellissier Building are on the National Register of Historic Places. Dawooljong, the Korean Pavilion, is an open-air pavilion and garden that adds a touch of Korea to the heart of the city.

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