3743 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

3743 Mentone Ave — Sale in Los Angeles, CA, photo 1 of 3
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3743 Mentone Ave — Sale in Los Angeles, CA, photo 3 of 3

Investment Figures

Cap rate
4.87%

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 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. Investment Highlights: • Solid Rental Upside (+60%) • Soft-Story Retrofit Completed • New Roof in 2021 • Copper Re-Pipe Completed in 2004 • New Electric Subpanels (No Permit) • On-Site Tuck-Under Parking Available in the Front and Rear of the Property • Excellent Opportunity to Convert Tuck-Under Parking into Multiple ADUs • 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 4.9% 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 current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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