3739 Mentone Ave
LOS ANGELES, CA 90034

Property

Ownership: For Sale
Bedrooms: 13 BR
Bathrooms: 12
Area: 7503 sq ft
Lot Size: 0.2 Acres

Financials

Price:$3,300,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Marcus & Millichap

3739 Mentone Ave 13BR La

Description

We are pleased to present a twelve (12) unit apartment building located at 3739 Mentone Ave in Los Angeles, California. The subject property is located in a prime Palms location, just north of Venice Blvd and east of Overland Ave. Located in prime Palms, this 12-unit multifamily property offers approximately 30% potential rental upside and possible ADU conversion opportunities. Built by the Seller's family, the property comprises one studio, nine one-bedroom units, and two two-bedroom units. A soft-story retrofit has been completed, and a copper re-pipe was completed in 2005. On-site features include laundry facilities, rear tuck-under parking, and front surface parking. The tuck-under area may accommodate multiple ADUs, subject to feasibility and approvals. Residents have convenient access to the Palms Metro E Line, the 10 and 405 freeways, and nearby commercial corridors. Downtown Culver City, Media Park, Woodbine Park, and restaurants, shops, and entertainment destinations in the surrounding area are also within easy reach. With approximately 30% potential rental upside, a completed soft story retrofit, and possible tuck-under parking conversions for ADUs, the property presents a value-add opportunity in prime Palms. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.

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.