
2824 Menlo Ave Los Angeles, CA 90007
University Park NeighborhoodAbout This Home
As of April 2021Price Reduced! Marcus & Millichap is pleased to present a three-unit property located at 2824 Menlo Avenue in Los Angeles, California. Situated east of South Vermont Avenue and south of West Adams Boulevard, the property is well-positioned in a strong rental pocket within walking distance of USC. The property is conveniently located near the 10 and 110 Freeways providing easy access throughout Los Angeles.All of the units are fully-renovated and are occupied by USC students. Each unit offers hardwood floors, granite countertops, stainless steel appliances, high ceilings, and many upgrades. Built in 1934, the subject property presents a great unit mix. Some of the property's amenities include onsite parking, on-site laundry facilities, and a hot tub. The property offers an investor a well-maintained property with rental upside potential in a rental pocket with very high demand for off campus student housing.
Last Agent to Sell the Property
Marcus & Millichap License #01772495 Listed on: 10/03/2013
Last Buyer's Agent
Rita Whitney
License #01209004
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,292
Year Built
- Built in 1934
Lot Details
- 5,660 Sq Ft Lot
Interior Spaces
- 3,640 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Bathrooms
Parking
- 2 Parking Spaces
- Unassigned Parking
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 5055-008-014
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $2,500,000 | Old Republic Title Company | |
Grant Deed | -- | Accommodation | |
Grant Deed | $1,576,500 | Ticor Title Co | |
Interfamily Deed Transfer | -- | Ticor Title Co | |
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | -- | None Available | |
Grant Deed | $785,000 | Provident Title Company |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $1,600,000 | Commercial | |
Previous Owner | $824,000 | New Conventional | |
Previous Owner | $549,500 | Negative Amortization |
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 |
Tax History Compared to Growth
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 |
Agents Affiliated with this Home
-
Seller's Agent in 2021
Davis Saadian
Keller Williams Hollywood Hills
(310) 402-8958
15 in this area
78 Total Sales
-
Seller's Agent in 2014
Jason Tuvia
Marcus & Millichap
(818) 212-2700
109 Total Sales
-
R
Buyer's Agent in 2014
Rita Whitney
Map
Source: The MLS
MLS Number: 13-708973

APN: 5055-008-014
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