Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

9

Building size

7,434 sqft

Lot size

7,502 sqft

Year built

1966

Stories

2

Style

Traditional

Heating

Wall Furnace

Pool

None

View

City Lights

Status

Active

Days on market

105

MLS #

243706979

About this property

Investor, developers and land bankers! RARE PALMS APARTMENT PORTFOLIO & DEVELOPMENT ASSEMBLAGE OPPORTUNITY! A truly exceptional opportunity to acquire two contiguous multifamily properties in the heart of Palms neighborhood of West Los Angeles, with the potential to acquire a third adjacent parcel and create a rare three-lot development assemblage. 3338 Mentone Avenue (MLS#26846665) and 3344 Mentone Avenue (MLS# 26846653) are offered together and comprise 17 apartment units with a combined 24 bedrooms and 22 bathrooms. Together, the properties represent a substantial multifamily investment in one of the Westside's strongest rental markets. Adding to the uniqueness of the offering, ownership may have the ability to include the neighboring property at 3332 Mentone Avenue, creating three consecutive parcels with more than 22,000 square feet of combined land area. Opportunities to control three side-by-side apartment lots in Prime Palms are extraordinarily rare and increasingly difficult to replicate. Located within a premier multifamily corridor near Culver City, Century City, UCLA, Silicon Beach, Downtown Culver City, and the Metro E Line, the properties benefit from strong rental demand, exceptional walkability, and long-term redevelopment appeal. Please do not disturb tenants.

Location

3344 Mentone Avenue

Los Angeles, Los Angeles, CA, 90034