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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 900,000
Est. payment | /mo
3,640 SqFt
$ 900,000
Est. payment | /mo
3,640 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $247
MLS Listing ID CRSB25046644
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 5,126 Sqft
Property Sub-Type Quadruplex
Property Description
8843 Menlo Ave is a value add 4plex located in Los Angeles priced at only $247/sf. This well maintained 4-Unit apartment building is comprised of all oversized (4) 2-Bed/1-Bath units with 77% in Rental upside! Stabilizes at a 9.47% cap rate and 7.81 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1964, the subject property is spread out over 3,640 Sq. Ft situated on a 5,126 Sq. Ft lot, 8843 Menlo Ave is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. 3438 McKinley is located just minutes the 110 fwy, providing easy acces to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Building
Water Public
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