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Fully Leased 2024 Fourplex + ADU | 6.19% Cap 1726 Menlo Ave 5 Unit Apartment Building £2,223,218 (£444,644/Unit) 6.19% Net Initial Yield Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- NO RENT CONTROL!
- Outstanding REAL cap rate of 6.19%! Cash cow, making you money on day 1!
- Ideal unit mix of two 4-bedroom untits, two 3-bedroom units, and one 1-bedroom unit. High income producing property!
- Located in the heart of Pico-Union neighborhood, just minutes from Downtown Los Angeles and Koreatown!
- Thoughtfully designed units with premium floorplans that renters love.
- All units separately metered for electric, water and gas! Very low expenses!
EXECUTIVE SUMMARY
The 5+ Unit Specialists are pleased to present 1726 Menlo Ave, a NON-RENT-CONTROLLED 2024 build, five-unit community located in the vibrant Pico-Union neighborhood — just minutes from Downtown Los Angeles and Koreatown. This prime central location attracts strong rental demand from young professionals, students, and creatives, offering investors an impressive 6.19% stabilized cap rate with minimal expenses.
The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs.
Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown’s vibrant nightlife.
With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LA’s strongest rental corridors.
The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs.
Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown’s vibrant nightlife.
With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LA’s strongest rental corridors.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£174,779
|
£23.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£5,243
|
£0.72
|
| Effective Gross Income |
£169,535
|
£23.22
|
| Taxes |
£26,670
|
£3.65
|
| Operating Expenses |
£5,321
|
£0.73
|
| Total Expenses |
£31,990
|
£4.38
|
| Net Operating Income |
£137,545
|
£18.84
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £174,779 |
| Annual Per sq ft | £23.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | £5,243 |
| Annual Per sq ft | £0.72 |
| Effective Gross Income | |
|---|---|
| Annual | £169,535 |
| Annual Per sq ft | £23.22 |
| Taxes | |
|---|---|
| Annual | £26,670 |
| Annual Per sq ft | £3.65 |
| Operating Expenses | |
|---|---|
| Annual | £5,321 |
| Annual Per sq ft | £0.73 |
| Total Expenses | |
|---|---|
| Annual | £31,990 |
| Annual Per sq ft | £4.38 |
| Net Operating Income | |
|---|---|
| Annual | £137,545 |
| Annual Per sq ft | £18.84 |
PROPERTY FACTS
| Price | £2,223,218 | Apartment Style | Low-Rise |
| Price Per Unit | £444,644 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 0.14 ac |
| Yield | 6.19% | Property Size | 7,300 sq ft |
| Gross Rent Multiplier | 12.72 | Average Occupancy | 100% |
| No. Units | 5 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 2024 |
| Property Subtype | Apartment | Parking Allocation | 1.1/1,000 sq ft |
| Use Class | LARD1.5 | ||
| Price | £2,223,218 |
| Price Per Unit | £444,644 |
| Sale Type | Investment |
| Yield | 6.19% |
| Gross Rent Multiplier | 12.72 |
| No. Units | 5 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.14 ac |
| Property Size | 7,300 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 2024 |
| Parking Allocation | 1.1/1,000 sq ft |
| Use Class | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Studio / Creative Space Layout
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 4+4 | 2 | £3,361 | 1,825 |
| 3+3.5 | 2 | £3,099 | 1,450 |
| 1+1 | 1 | £1,644 | 750 |
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Walk Score®
Easily Walkable (88)
Bike Score®
Good for cycling (70)
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Fully Leased 2024 Fourplex + ADU | 6.19% Cap | 1726 Menlo Ave
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