2706 Menlo Ave

4
Baths
2,314 Sq. Ft.
$837 / Sq. Ft.
2,314
Sq. Ft.
$837
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire this eight (8) Bedroom + Detached Rec Room + four (4) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and walking distance to the University of Southern California (USC). This three-story building was constructed of wood frame and stucco on a raised foundation built in 1908 with a square footage of 2,314 on a 7,492-square foot lot. The investment boasts spacious floor plans, on-site laundry, five (5) on-site parking...We are pleased to offer the opportunity to acquire this eight (8) Bedroom + Detached Rec Room + four (4) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and walking distance to the University of Southern California (USC). This three-story building was constructed of wood frame and stucco on a raised foundation built in 1908 with a square footage of 2,314 on a 7,492-square foot lot. The investment boasts spacious floor plans, on-site laundry, five (5) on-site parking spaces, and tenants pay for all water, trash, gas and electricity. Theres an excellent value-add opportunity to construct and ADU, and further increase cash flow (Buyer to Verify) The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 2706 Menlo Avenue

Zoning
LARD1.5
Parcel Number
5055008024
Total Units
1.0
Living Area
2314
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
7492
LISTING UPDATED: 10/24/2021 08:11 AM

Property Details for 2706 Menlo Avenue

StatusSold
MLS #21-778244
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1908
Lot Size0.17 AC / 7,492 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Davis Saadian, DRE #01921748; Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Sold By Keller Williams Beverly Hills, Davis Saadian, DRE #01921748; Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

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Building Information for 2706 Menlo Avenue

Stories3Residences-Year Built1908Building Size-Lot Size0.17 AC / 7,492 SF

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OriginPoint Mortgage or Rocket Mortgage1

$11,823 per month

30 year fixed, 6.46% Interest

Principal and Interest

$9,754

Property Taxes

$2,069

HOA Dues

$0

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Property Information for 2706 Menlo Avenue

Community / Development
Community / Development
  • Number Of Units: 1
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: SFR
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $128,008
  • Net Operating Income: $886,945.00
  • Gross Income: $129,600
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $13.70
  • Total Annual Expense: 38314
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.172
  • Lot Size Square Feet: 7492
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-30-2021
Unit Details
Unit 1 Information
  • Unit Beds: 8
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $10,800.00
  • Unit Actual Rent: $10,800.00
  • Unit Projected Rent: $15,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $187,578.00
  • Assessed Improvement Percent: 20.12
  • Assessed Land Value: $744,600.00
  • Assessed Land Percent: 79.88
  • Assessed Total Value: $932,178.00

Property History for 2706 Menlo Avenue

DateEvent & SourcePriceAppreciation
Oct 24, 2021

Sold

CLAW #21-778244

$1,937,000—
Oct 24, 2021

Sold

CRMLS #21778244

$1,937,000—
Oct 6, 2021

Sold (Public Record)

Public Record #1474857103

$1,937,000

+5.0% / yr

DateEvent & SourcePrice
10/24/2021

Sold

CLAW #21-778244

$1,937,000
10/24/2021

Sold

CRMLS #21778244

$1,937,000
10/06/2021

Sold (Public Record)

Public Record #1474857103

$1,937,000

+5.0% / yr

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2706 Menlo Avenue

Taxable ValueLand$1,438,891Additions$616,667Total$2,055,558
Tax Record2025$24,826 ($2,069 / month)
Home Facts
Beds4Total Finished SqFt2,314 SqFtAbove Grade Finished SqFt2,314 SqFtLot Size7,492 SqFtStyleSingle Family ResidenceYear Built1908ZoningLARD1.5CountyLOS ANGELESAPN5055-008-024

Schools near 2706 Menlo Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Manual Arts Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams Beverly Hills, Davis Saadian, DRE #01921748; Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.