4 months on rocket

942 Menlo Ave, Los Angeles, CA, 90006

$2,350,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
11 Baths
6,616 SqFt
$355/SqFt
House

Location

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942 Menlo Ave, Los Angeles$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAttached Carport, Assigned, Electric Gate
Attached GarageYes
Year Built1962
HeatingWall Furnace
CoolingWall/Window Unit(s)
ViewCity Lights
MLS #24428865
Lot Size0.20 Acres
StatusActive

About 942 Menlo Ave

This 11-unit two story apartment complex, consist of good size units, (1) 2 bedroom + 1 Bath, (5) 1 bedroom + 1 bath and (5) single + 1 bath. On site parking and on-site laundry facility with additional $3600.00 income. Owner recently completed retrofitting, new paint for the building and newly paved parking spaces. Low maintenance building and easy to maintain. The current rents are low but has great potential for increase in rental income. This apartment complex is conveniently located in the heart of K-Town and mid-Wilshire area, short distance to DTLA, Hollywood, shopping center, market, restaurants and many well-known eateries in K-Town. Walking distances to public transportation and easy access to 10 & 101 FWY. This is a great opportunity for investors as property being R-4 Tier-4 with over 8700 sq. ft. lot.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 2
  • Living Area: 6,616 SqFt

Listing Office:

  • Office Name: Ivy Realty Co.
  • Office Phone: (213) 386-8888
  • Listing Agent: Enny E. Chong

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Gas Oven, Oven, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Carport, Assigned, Electric Gate

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: North of Olympic & East of Vermont

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
  • Price Per SqFt: $355/SqFt

Tax Information:

  • Annual Amount: $27,423
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

942 Menlo Ave vs Los Angeles

120 DAYS ON ROCKET

+82 Days

$2,350,000

+$1.3M More

$355/SqFt

-$285 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $285/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24428865

Listing Office:

  • Office Name: Ivy Realty Co.
  • Office Phone: (213) 386-8888
  • Listing Agent: Enny E. Chong

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 19, 2019Home Sold
$2,200,000
Mar 14, 2018Home Sold
$2,100,000
May 27, 2009Home Sold
$625,500
Sep 22, 1997Home Sold
$280,000
Dec 12, 1989Home Sold
$209,272

Tax History

YEARPROP. TAXASSESSMENT
2021$27,423$2,224,942
2020$26,448$2,200,000
2019$16,415$2,142,000
2018$16,033$1,278,079
2017$16,033$1,253,020

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-17873
2
/10

  • Politi Elementary School

  • 2481 W 11th St

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-17874
7
/10

  • Hoover Street Elementary

  • 2726 Francis Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-17875
3
/10

  • RFK Community Schools - Ambassador School of Global Education

  • 3201 W 8th St

  • 0.51 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,283. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 942 Menlo Ave

What is the listing price of this property?

The listing price of 942 Menlo Ave property is $2,350,000.

What type of property is this?

The property 942 Menlo Ave is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 942 Menlo Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $27,423 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 19, 2019 for $2,200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 942 Menlo Ave has 8 bedrooms and 11 bathrooms.

What is the square footage of this property?

The property 942 Menlo Ave is 6,616 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 942 Menlo Ave is 1962.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›942 Menlo Ave

This home is located at 942 Menlo Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 6,616 square foot home, which was built in 1962, sits on a 0.20 acre lot. Features: 8 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $2,350,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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