1724 Menlo Ave, Los Angeles, CA, 90006
About This Home
1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.37% stabilized cap rate, low operating expenses, and an exceptional price point at under $400/SF — an increasingly rare value for new construction multifamily in central Los Angeles. The property features an ideal unit mix across two modern buildings, consisting of two 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one 1-bedroom/1-bathroom unit. Each residence includes private entrances, in-unit washers and dryers, separately metered gas, water, and electricity, and luxury finishes throughout, including modern kitchens, designer tile, high ceilings, and oversized windows. The property also offers eight dedicated parking spaces, enhancing long-term tenant appeal. With a Walk Score of 85 and close proximity to LA Live, Crypto.com Arena, the Arts District, and Koreatown’s dining and nightlife. 1726 Menlo Ave is well positioned to attract strong tenant demand from students, young professionals, and creatives alike. As new multifamily construction opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Turnkey
- New construction: Yes
- Year built: 2024
Type & Style
- Home type: MultiFamily
- Architectural style: Modern
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Dishwasher,Electric Oven,Freezer,Gas Range,Microwave,Dryer,Washer
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 17
Features
- Balcony,Open Floorplan,Recessed Lighting
- Flooring: Laminate,Tile
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 7,300
- Total interior livable area: 7,300 sqft
Property
Details
- Parcel number: 5056021016
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: New Condition
- Has view: Yes
- View description: City Lights,Neighborhood
Lot
- Lot size: 6,122 sqft
- Features: Landscaped
Parking
- Total spaces: 8
- Uncovered spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,663 | $175,956 |
| Home Insurance * | $659 | $7,908 |
| Property Taxes | $2,953 | $35,436 |
| Electricity | $1,565 | $18,784 |
| Total | $19,840 | $238,080 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-28 | Listed for sale | $2,900,000 |
| 2025-08-25 | Listing removed | $2,995,000 |
| 2025-04-24 | Listed for sale | $2,995,000 |
| 2025-04-21 | Listing removed | $3,095,000 |
| 2025-02-11 | Listed for sale | $3,095,000 |
| 2024-09-13 | Listing removed | $3,495 |
| 2024-08-07 | Listed for rent | $3,495 |
| 2024-07-25 | Listing removed | -- |
| 2024-04-30 | Listed for rent | $3,495 |
| 2023-10-16 | Listing removed | -- |
| 2023-08-23 | Listed for sale | $3,199,000 |
| 2021-06-28 | Sold | $905,000 |
| 2019-02-01 | Listing removed | $589,119 |
| 2019-01-10 | Listed for sale | -- |
| 2019-01-06 | Sold | $100,000 |
| 2016-03-02 | Listing removed | $420,000 |
| 2015-10-09 | Listed for sale | $420,000 |
| 2015-07-15 | Listing removed | $360,000 |
| 2015-05-01 | Listed for sale | $360,000 |
| 2000-06-06 | Sold | $2,169,000 |
| 1999-09-28 | Sold | $169,000 |
View on Zillow