Property Detail

Description

We are pleased to present 6612 Menlo Ave, a 10-unit multifamily community in Los Angeles, offered at a 7.77 GRM and an 8.92% CAP on current rents, with upside potential to achieve a 6.94 GRM and a 10.35% CAP with market rents. This opportunity consists of five separate duplexes offering of a total of 4,620 rentable square feet. Built in 1925, the property sits on a large, 8,593 square foot LARD2-zoned corner lot. The unit mix features two (2) studios and eight (8) one-bedroom one-bathroom units. Two units will be delivered VACANT. Located on the corner of S Menlo Ave and W 68th St, this property is located near Mount Caramel Recreation Center, six blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include Dragon Loco Chinese Food, Tom's Jr Express, A Taste of Toya, Tacos El Pajaro, LA Pulperia Catracha #3, Tacos El Vecino and more. Contact the listing broker for additional information.