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  • 1520 Menlo Avenue, Los Angeles CA: https://media.crmls.org/mediaz/d7c5287b-4ff5-4160-b838-13feeed16030.jpg
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1520 Menlo Avenue, Los Angeles, CA 90006

| 5,132 SQ/FT

Offered at $1,995,000

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.