3726 Mentone Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90034

Photos

3726 Mentone Ave — Sale in Los Angeles, CA, photo 1 of 3
3726 Mentone Ave — Sale in Los Angeles, CA, photo 2 of 3
3726 Mentone Ave — Sale in Los Angeles, CA, photo 3 of 3

Investment Figures

Cap rate
4.83%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is pleased to present a twelve (12) unit apartment building located at 3726 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 combines existing income with approximately 40% potential rental upside and possible ADU opportunities. The unit mix comprises one single, nine one-bedroom units, and two two-bedroom units. A soft-story retrofit has been completed, and the property underwent a copper re-pipe in 2005. Residents benefit from on-site laundry, rear tuck-under parking, and front surface parking. Conversion of the tuck-under parking may provide space for multiple ADUs, subject to feasibility and approvals. The property is near the Palms Metro E Line, the 10 and 405 freeways, and major commercial corridors. Downtown Culver City, Media Park, Woodbine Park, and a broad selection of shops and restaurants are also nearby and within reach. With approximately 40% potential rental upside, completed soft story retrofitting, and possible tuck-under parking conversions for ADUs, the property offers a compelling value-add opportunity in prime Palms. Investment Highlights: • Solid Rental Upside (+40%) • Soft-Story Retrofit Completed • Copper Re-Pipe Completed in 2005 • New Electric Subpanels (No Permit) • On-Site Tuck-Under Parking Available in the Rear and Surface Parking in the Front • Excellent Opportunity to Convert Tuck-Under Parking into Multiple ADUs • On-Site Laundry Facility • Prime Palms Location

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

Contact the listing broker

This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.

Questions to ask the broker

This page does not show these details. The source may not publish them, or CREhunt may not have captured them.

  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

Explore this market

Similar Multifamily Property for Sale in Los Angeles, CA