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

8

Building size

7,906 sqft

Lot size

7,502 sqft

Year built

1963

Stories

0

Status

Active

Days on market

8

MLS #

248170090

About this property

We are pleased to present an eight (8) unit apartment building located at 3743 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 multifamily property offers an all two-bedroom unit mix, approximately 60% potential rental upside, and possible ADU conversion opportunities. Built by the seller's family, the property features a completed soft-story retrofit, a new roof installed in 2021, and a copper re-pipe completed in 2004. Residents benefit from on-site laundry and tuck-under parking at the front and rear. The parking areas may offer opportunities for multiple ADU conversions, subject to feasibility and approvals. Convenient access to the Palms Metro E Line, the 10 and 405 freeways, and major commercial corridors connects residents to surrounding destinations. Downtown Culver City, Media Park, Woodbine Park, shops, and restaurants are all nearby for dining, shopping, and recreation. With approximately 60% potential rental upside, an all two-bedroom unit mix, completed capital improvements, and potential ADU conversions, the property offers multiple opportunities to add value in prime Palms. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.

Location

3743 Mentone Avenue

Los Angeles, Los Angeles, CA, 90034