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942 Menlo Avenue
Los Angeles, CA 90006


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Property Remarks

As part of the Mid-Wilshire/Century 5 Portfolio, we are proud to present 942 Menlo Ave, a 1962 built Mid-Century style building 2-story 11-unit wood-frame stucco building. This property features a charming/well-landscaped front and side courtyard. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 5 singles, 5 (1+1) and 1 (2+1) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming/high-demand rental market. This asset can be purchased individually or in groups/bulk with the other 4 buildings in the Mid-Wilshire/Century 5 Portfolio.

Property Details

MLS#
17280298
Days on Market
34
Year Built
1962
Stories
2
Building/Living Area (sq ft)
6,616
Source of SqFt
Vendor Enhanced
Source of Lot Size
Public Records

Location

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

Presented By:

Listing provided courtesy of Matthew R. Kanner , Keller Williams Realty Los Feliz


Exterior

Lot Acreage
0
Paved
No
Waterfront
No

Style
Mid Century

Interior

Equip/Appliances
Refrigerator
Flooring
Laminated
Laundry
Laundry Area

Additional Property Details

Number of Units
11
Parking Spaces
11
Number of Buildings
1
Gross Operating Income
$133,060
Total Expense
$58,938
ADA Compliance
No

AC/Cooling
Wall Or Window Units
Heating
Wall Heater
Parking
Carport Attached
Tenant Pays
Electricity
Gas

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.

Community Explorer

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