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SOLD 4/1/2021
2824 Menlo Avenue, Los Angeles, CA 90007
11
beds
5
baths
3640
ft2
· 5660
ft2 lot
$2,500,000
$749 / ft2
Listing provided courtesy of Listing Broker: Davis Saadian, BRC Advisors- BH.
Source CRMLS.
We are pleased to offer for sale this three (3) unit, eleven (11) bedroom, student housing investment opportunity, located walking distance to the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1907, with approximately 3,640 rentable square feet on a 5,660 square foot lot. The investment is comprised of two (2) structures, with a unit mix consisting of one (1) 5-bedroom + 2-bathroom unit, one (1) 4-bedroom + 2-bathroom unit, & one (1) 2-bedroom + 1-bathroom unit. The Property is 100% occupied with USC students, and 2 of the 3 units are pre-leased for the 2021-2022 academic school year. There's a combination of vintage architectural detail and best-in-class modern interior standards. The property includes spacious, fully updated & remodeled units, updated copper plumbing, and an outdoor common area with a 6-8 person hot tub.
HOA
$—/month
On market
2 months
Year built
1934
Property type
Multi-Family
Parking
MLS
20671300
Price / Sq.Ft.
$749 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $2,725,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$530/day
$0
Best
Flyhomes Guaranteed Offer
$13,625
- -
$13,625
Better
Discount Brokerage
$10,673
not offered
$10,673
Average
Traditional Brokerage
$0
not offered
$0
Variable
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Disposal, Refrigerator
•   
Has Appliances
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 3640.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Driveway - Combination
Building Info
•   
Zoning: LARD1.5
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 3
Lot Info
•   
Lot Size Acres: 0.1200
•   
Lot Size Area: 5660.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 195381.00
•   
Total Expenses: 56634.00
•   
Gross Multiplier: 13.67
Tax/Assessment Info
•   
Gross Income: 199368.00
•   
Tax Year: 2020
•   
Taxes: 22154.0
Lease Info
•   
Net Operating Income: 138746.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 4
•   
Unit 3 Actual Rent: 6110.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 6110.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2912.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2912.00
Unit 1 Information
•   
Unit 1 Bedrooms: 5
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 7592.00
•   
Unit 1 Total Rent: 7592.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: 2824 Menlo Avenue, LA 90007
Other
Calculation
•   
Dom: 55
•   
Cdom: 55
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 12, 2021 6:00pm
Neighborhood snapshot
63
Properties for sale
11.5
Median days on market
$462.07
Median sold price/sqft
98.09%
Sold/List %
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Property History
04/01/2021
04/01/2021
CRMLS #20671300
sold
CRMLS #20671300
$2,725,000
+9.00%
03/30/2021
03/30/2021
Public Record
sold
Public Record
$2,500,000
--8.26%
12/16/2020
12/16/2020
CRMLS #20671300
active
CRMLS #20671300
$2,725,000
+72.85%
04/07/2014
04/07/2014
Public Record
sold
Public Record
$1,576,500
+100.83%
01/23/2008
01/23/2008
Public Record
sold
Public Record
$785,000
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