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Real Living Pacific Realty
(800)660-9140

2827 Menlo Avenue, LOS ANGELES CA, 90007

(Active)
$1,795,000
|
3,912 sqft
|
MLS# PW14162089
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Listing Provided Courtesy Of: Property Works, Inc.
Last Updated: 12/27/2014 11:59 PM
Description for 2827 Menlo Avenue LOS ANGELES, CA 90007
Incredible trophy property in the North University Park Historic District just four blocks from the USC campus. Designated a national monument and registered under the U.S. National Register of Historic Places, this legal duplex was originally constructed in 1898 and has recently made a remarkable journey through the LA City Building and Planning Departments, community approval hearings, and a yearlong renovation that has restored its historic luster. Every major system within the property has been completely overhauled, including both kitchens with new granite and new appliances. 10 bedrooms, 8 bathrooms with room for 10+ parking spots. A carriage house not included in the square footage provides laundry services and storage for tenants. Currently leased to a USC Trojan men's honorary organization at $13,000 per month, this unique investment opportunity would make an excellent addition to any investor?s portfolio. Existing rents deliver a 6.0+ CAP rate. If buyer retains the services of the existing management company, management company will guarantee gross rents for a year.
Price
$1,795,000
Los Angeles
3,912 (approx)
PW14162089
Active
Description
Incredible trophy property in the North University Park Historic District just four blocks from the USC campus. Designated a national monument and registered under the U.S. National Register of Historic Places, this legal duplex was originally constructed in 1898 and has recently made a remarkable journey through the LA City Building and Planning Departments, community approval hearings, and a yearlong renovation that has restored its historic luster. Every major system within the property has been completely overhauled, including both kitchens with new granite and new appliances. 10 bedrooms, 8 bathrooms with room for 10+ parking spots. A carriage house not included in the square footage provides laundry services and storage for tenants. Currently leased to a USC Trojan men's honorary organization at $13,000 per month, this unique investment opportunity would make an excellent addition to any investor?s portfolio. Existing rents deliver a 6.0+ CAP rate. If buyer retains the services of the existing management company, management company will guarantee gross rents for a year.
Listing Information
Property Type: Multi-Family
7,500 Sq. Ft. Public Records 3,912 (approx)
$458.84 1898
Water District, Public
Connected on Bond, In
2 Total
Neighborhood
Room Information
Family Room
Laundry in Carport
Interior Features
Refrigerator, Free Standing, Range
Hardwood
Wall Unit
Living Room
Trey Ceiling(s), 2 Staircases, Open Floor Plan
Exterior / Lot Features
Driveway, Unassigned
None
No Pool
No View
LAR4
Updated/Remodeled
Sidewalks
Financial Considerations
5055009024
2013
Cash To New Loan
Income ,$43,851
13000.0000
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90007 has a population of  3,804,503.

The median household income in LOS ANGELES, California 90007 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in LOS ANGELES 90007 is 34.1 years.

Sales History
Tax Info
Courtesy: Property Works, Inc. John Chelius
The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.
Information is deemed reliable but is not guaranteed.

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505441 - Real Living Pacific Realty
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