NOT LISTED FOR SALE

2824 Menlo Ave Los Angeles, CA 90007

University Park Neighborhood

Estimated Value: $1,521,000 - $3,124,000

11 Beds
5 Baths
3,640 Sq Ft
$735/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $2,500,000 $687 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $17,498/month

55 Days on Market

About This Home

As of April 2021

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.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 12/16/2020

Keller Williams Hollywood Hills

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 12/16/2020

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,292

Year Built

  • Built in 1934

Lot Details

  • 5,660

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Driveway

Additional Features

  • 5,660 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5055-008-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,292

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3640
  • Lot Acreage: 0.1299
  • Stories: 2
  • Year Built: 1934
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal, Freezer, Dishwasher
  • Price Per S Q F T: 748.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Driveway - Combination
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 21.95
  • Assessed Improvement Value: 237653
  • Assessed Land Percent: 78.05
  • Assessed Land Value: 844995
  • Total Assessed Value: 1082648
  • Assessor Parcel Number: 5055-008-014
  • Lot Size Area: 5660

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.67
  • Number Of Units: 3
  • Total Annual Expense: 56634
  • Type Of Units: Apartmnets
  • Vacancy Rate: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Mar 22, 2021
Sold by
Menlo Avenue Partners Llc
Bought by
Grai Holdings Llc
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$2,725,000
Sold Price
$2,500,000
Premium/Discount to List
-$225,000
-8.26%
Current Estimated Value
$2,675,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,855
Avg. Annual Appreciation
4.53%
Original Mortgage
$1,600,000
Outstanding Balance
$1,454,362
Interest Rate
2.73%
Mortgage Type
Commercial
Estimated Equity
$1,573,453

Purchase Details

Listed on
Oct 3, 2013
Closed on
May 2, 2014
Sold by
Brandt Wayne M
Bought by
Menlo Avenue Partners Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Rita Whitney
List Price
$1,699,000
Sold Price
$1,576,475
Premium/Discount to List
-$122,525
-7.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$824,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2013
Closed on
Mar 27, 2014
Sold by
2824 Menlo Llc
Bought by
Brandt Wayne M
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Rita Whitney
List Price
$1,699,000
Sold Price
$1,576,475
Premium/Discount to List
-$122,525
-7.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$824,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2013
Closed on
Mar 26, 2014
Sold by
Brandt Lisa
Bought by
Brandt Wayne M
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Rita Whitney
List Price
$1,699,000
Sold Price
$1,576,475
Premium/Discount to List
-$122,525
-7.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$824,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2012
Sold by
Clark Andrew
Bought by
2824 Menlo Llc

Purchase Details

Closed on
May 18, 2010
Sold by
2824 Menlo Llc
Bought by
Clark Andrew

Purchase Details

Closed on
Mar 5, 2008
Sold by
Castleman Marc
Bought by
2824 Menlo Llc

Purchase Details

Closed on
Dec 7, 2007
Sold by
Willard Dallas A and Willard Jane L
Bought by
Castleman Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,500
Interest Rate
6.07%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grai Holdings Llc $2,500,000 Old Republic Title Company
Menlo Avenue Partners Llc -- Accommodation
Brandt Wayne M $1,576,500 Ticor Title Co
Brandt Wayne M -- Ticor Title Co
2824 Menlo Llc -- None Available
Clark Andrew -- None Available
2824 Menlo Llc -- None Available
Castleman Marc $785,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grai Holdings Llc $1,600,000
Previous Owner Brandt Wayne M $824,000
Previous Owner Castleman Marc $549,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $2,500,000 -8.3% $687 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $2,725,000 +72.9% $749 / Sq Ft
04/08/2014 04/08/14 Sold $1,576,475 -7.2% $433 / Sq Ft
01/16/2014 01/16/14 Pending -- -- --
10/03/2013 10/03/13 For Sale $1,699,000 -- $467 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $32,292 $2,653,019 $1,963,234 $689,785
2023 $31,664 $2,601,000 $1,924,740 $676,260
2022 $30,185 $2,550,000 $1,887,000 $663,000
2021 $21,928 $1,828,996 $1,098,530 $730,466
2020 $22,155 $1,810,242 $1,087,266 $722,976
2019 $21,270 $1,774,748 $1,065,948 $708,800
2018 $21,183 $1,739,950 $1,045,048 $694,902
2017 $13,289 $1,082,648 $844,995 $237,653
2016 $12,969 $1,061,421 $828,427 $232,994
2015 $12,780 $1,045,479 $815,984 $229,495
2014 $4,089 $307,389 $204,926 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2021

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    15 in this area

    78 Total Sales

    Davis Saadian
    Section Image
  • Jason Tuvia

    Seller's Agent in 2014

    Jason Tuvia

    Marcus & Millichap

    (818) 212-2700

    109 Total Sales

    Jason Tuvia
    Section Image

  • R

    Buyer's Agent in 2014

    Rita Whitney

See All Agents

Map

Source: The MLS

MLS Number: 20-671300

The MLS

APN: 5055-008-014

California Los Angeles County Los Angeles 90007 University Park

2824 Menlo Ave, Los Angeles, CA

This home is located at 2824 Menlo Ave, Los Angeles, CA 90007 since 16 December 2020 and is currently estimated at $2,675,855, approximately $735 per square foot. This property was built in 1934. 2824 Menlo Ave is a home located in Los Angeles County with nearby schools including Vermont Avenue Elementary School, John Adams Middle School, and Manual Arts Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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