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8718 Menlo Ave, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

8718 Menlo Ave, Los Angeles, California 90044 home-pic-0
ACTIVE$1,499,000
8718 Menlo Ave, Los Angeles, California 90044
0Bed
0Bath
4,492Sqft
5,405Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
High Entry Price Point: The list price of $1.499 million represents a substantial initial investment, which may limit the pool of potential buyers to well-capitalized investors.

Compared to the nearby listings

Price:$1.50M vs avg $787.5K (+$711,500)94%
Size:4,492 sqft vs avg 2,093.5 sqft94%
Price/sqft:$334 vs avg $33841%

More Insights

Built in 2011 (14 years old).
Condition: The property, built in 2011, is in good overall condition and well-maintained. The newly constructed ADU features modern white shaker cabinets, stainless steel appliances, quartz countertops, subway tile backsplash, recessed lighting, and contemporary bathrooms with floating vanities and walk-in showers, aligning with 'Excellent' standards. However, the two front units, while clean and functional, retain a more traditional style from their 2011 build, with medium-brown cabinets, white appliances, and beige tiled flooring in the kitchens and bathrooms. These elements, while well-kept, are not 'new or virtually new' by current modern standards. The main units have updated laminate flooring in living areas and bedrooms. The property is move-in ready with no immediate renovations required, fitting the 'Good' score criteria, especially considering the blend of well-maintained original units and the brand-new, modern ADU.
Year Built
2011
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$334
HOA
-
Days on market
-
Sold On
-
MLS number
DW25249180
Home ConditionGood
Features
Patio
View-

About this home

LA Income Powerhouse! Triplex with Solar & Maximum Cash Flow Potential. Invest smarter in the heart of Los Angeles with this exceptional, permitted 3 unit income property designed for top tier performance! Located in the high demand area of Los Angeles, an area showing positive real estate trends with a strong rental market. This property is poised to maintain stable, significant monthly profits. Built in 2011 this property is in great condition and has been maintained exceptionally well. 2 front units boast of a spacious living room, bedrooms and fully equipped kitchens. Newly built rear 3rd unit includes a private back patio with a great layout and modern details. Maximize your rent roll with large, highly desirable units: Unit 1: 4 spacious Bedrooms / 2 Bathrooms Unit 2: 5 Bedrooms / 3 Bathrooms Unit 3 New Construction ADU: 2 Bedrooms / 2 Bathrooms with a living area of 1,224 sqft Built-In Income Streams: Boost your bottom line instantly with the included, coin-operated Washer/Dryer machines a dedicated, hassle-free revenue source. Green & Lean Operations: Enjoy significantly reduced utility expenses thanks to fully owned Solar Panels, ensuring a higher net OI from day one. The brand new, back-unit ADU was constructed by professional contractors with all necessary permits, for maximum valuation. Secure Parking: The property features a gated, long driveway providing secure access, including two assigned spots, a premium amenity in LA. Situated in a dynamic and growing LA neighborhood, this property has convenient access to major freeways, public transit options, and is centrally located relative to USC, Downtown LA, and major employment hubs. The community features essential amenities, making it a continuously attractive location for long term tenancy and a smart, strategic investment. This is more than a property; it's a premier wealth building machine. Don't miss this rare opportunity to secure this low-maintenance, and cash flow asset in the competitive Los Angeles market!

Nearby schools

/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.1mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.2mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•0.7mi
4/10
Charles W. Barrett Elementary School
Public,•K-5•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.0mi
5/10
Woodcrest Elementary School
Public,•K-5•1.5mi
5/10
Figueroa Street Elementary School
Public,•K-5•1.7mi
3/10
West Athens Elementary School
Public,•K-5•2.3mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•2.4mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•0.5mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.7mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.4mi
9/10
Middle College High School
Public,•9-12•3.2mi

Price History

Date
Event
Price
09/07/22
Sold
$1,050,000
04/29/11
Sold
$478,000
09/24/10
Sold
$128,000
11/29/06
Sold
$390,000
Condition Rating
Good
The property, built in 2011, is in good overall condition and well-maintained. The newly constructed ADU features modern white shaker cabinets, stainless steel appliances, quartz countertops, subway tile backsplash, recessed lighting, and contemporary bathrooms with floating vanities and walk-in showers, aligning with 'Excellent' standards. However, the two front units, while clean and functional, retain a more traditional style from their 2011 build, with medium-brown cabinets, white appliances, and beige tiled flooring in the kitchens and bathrooms. These elements, while well-kept, are not 'new or virtually new' by current modern standards. The main units have updated laminate flooring in living areas and bedrooms. The property is move-in ready with no immediate renovations required, fitting the 'Good' score criteria, especially considering the blend of well-maintained original units and the brand-new, modern ADU.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Exceptional Income Potential: This triplex is explicitly marketed as an 'Income Powerhouse' with 'Maximum Cash Flow Potential,' featuring three large, desirable units (4/2, 5/3, 2/2 ADU) and an additional revenue stream from coin-operated washer/dryer machines.
Newer Construction & Excellent Condition: Built in 2011 and described as being in 'great condition' and 'exceptionally well maintained,' with a 'brand new, back-unit ADU' constructed by professionals with all necessary permits, ensuring lower immediate maintenance costs.
Strategic Los Angeles Location: Situated in a 'high demand area of Los Angeles' with a 'strong rental market,' offering convenient access to major freeways, public transit, USC, Downtown LA, and employment hubs, ensuring consistent tenant demand.
Cost-Saving & Eco-Friendly Features: The property includes fully owned solar panels, significantly reducing utility expenses and boosting net operating income, aligning with modern tenant preferences for sustainability.
Valuable Amenities: Features a gated, long driveway with secure access and two assigned parking spots, a premium and highly sought-after amenity in the dense Los Angeles market.

Cons

High Entry Price Point: The list price of $1.499 million represents a substantial initial investment, which may limit the pool of potential buyers to well-capitalized investors.
Limited Specifics on Main Unit Upgrades: While the ADU is new and boasts 'modern details,' the description lacks specific information regarding recent renovations or high-end finishes for the two original front units, which were built in 2011 and may not be as updated.
Increased Management Demands: Despite being described as 'low-maintenance,' managing a triplex with three distinct units and an additional income stream from coin-operated laundry inherently requires more active management and oversight compared to a single-unit property.

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