3739 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

3739 Mentone Ave — Sale in Los Angeles, CA, photo 1 of 3
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3739 Mentone Ave — Sale in Los Angeles, CA, photo 3 of 3

Investment Figures

Cap rate
5.14%

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 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. Investment Highlights: • Solid Rental Upside (+30%) • 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 • Property Built by the Seller's Family

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.1% 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.

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  • 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?

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