1520 MENLO AVENUE, LOS ANGELES CA 90006
- 5,132 sq.ft.
- 7,302 sq.ft. lot
Property Description
Welcome to 1520 Menlo, a Spanish Colonial apartment complex in the heart of Pico-Union. The property consists of (10) one-bedroom units across five separate structures on a privately gated lot. Five of the ten units have received interior renovations leaving 50% of the units well under market rents allowing the next owner to add-value and achieve upside potential. As you enter through the gated courtyard you will find (6) bungalow style apartments and a Spanish Colonial fourplex in the rear. In total, the property collects $150,300 per year plus future upside making this an ideal addition to any real estate portfolio.
Listing Courtesy of Scott Harvey, Figure 8 Realty
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