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.
Multi-Unit (5+), Residential
Bedrooms
10
10
Bathrooms
10
10
Units
10
10
Square Feet
5,132 sq ft
5,132 sq ft
Lot Size
7,302 sq ft
7,302 sq ft
Year Built
1924
1924
1520 Menlo Avenue,
Los Angeles, California, 90006
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