2824 Menlo Avenue, Los Angeles, CA 90007

About this property

We are pleased to offer for sale this three (3) unit, eleven (11) bedroom, student housing investment opportunity, located walking distance to the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1907, with approximately 3,640 rentable square feet on a 5,660 square foot lot. The investment is comprised of two (2) structures, with a unit mix consisting of one (1) 5-bedroom + 2-bathroom unit, one (1) 4-bedroom + 2-bathroom unit, & one (1) 2-bedroom + 1-bathroom unit. The Property is 100% occupied with USC students, and 2 of the 3 units are pre-leased for the 2021-2022 academic school year. There's a combination of vintage architectural detail and best-in-class modern interior standards. The property includes spacious, fully updated & remodeled units, updated copper plumbing, and an outdoor common area with a 6-8 person hot tub.

Listing description from the April 2021 sale, as reported to CRMLS.

Sale history

$2,500,000

Sold April 2021 · listed $2,725,000, on market December 2020 · MLS #20671300 · Source: CRMLS

Listing Agent: Davis Saadian · Listing Office: BRC Advisors- BH · Bought with: Davis Saadian · BRC Advisors- BH

$1,576,475

Sold April 2014 · listed $1,670,000, orig. $1,699,000, on market October 2013 · MLS #13708973 · Source: CRMLS

Listing Agent: Jason Tuvia · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Rita Whitney · Sotheby's International Realty

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