3735 Mentone Ave
LOS ANGELES, CA 90034

Property

Ownership: For Sale
Bedrooms: 10 BR
Bathrooms: 11
Area: 7502 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,575,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Roque & Mark Company, Inc.

3735 Mentone Ave 10BR La

Description

Roque & Mark Co. is pleased to represent this well maintained 8-unit apartment building in the most desirable living area of Palms - north of Venice Blvd. and steps to restaurants, shopping, and downtown Culver City. This property can be purchased separately or with 3625 Mentone Ave. Excellent unit mix consisting of (3) 2 beds + 2 baths, (1) 1 bed + large den + 1 bath, (3) 1 bed + 1 bath, and (1) studio unit. The property is fully occupied and currently offered at a 11.9 GRM and 5.48% CAP rate with actual rents. Most units have their own balcony or patio. Plenty of parking with 8 individual spaces and 11 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 7,318 sf of living area on a 7,502 sf lot. For investors, this is an opportunity to acquire a solid, well-located multifamily asset with lasting appeal and upside potential in an area known for high enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Los Angeles Rent Stabilization.

Amenities

  • Balcony

CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.