3625 Mentone Avenue, Los Angeles, CA 90034
List Price: $2.4M
Listing Status: Active
Original List Price: $2.6M
0Days on Market: 34
12 Bedrooms · 13 Bathrooms · 8,109 sq ft
Property Type: ResidentialIncome
Year Built: 1962
Lot Size: 8,259 sq ft
MLS Number: 26832909
About This Property
Roque & Mark Co. is pleased to represent this well maintained 9-unit apartment building in the most desirable living area of Palms - north of Venice Blvd. and steps to restaurants, shopping, and downtown Culver City. This property can be purchased separately or with 3735 Mentone Ave. Excellent unit mix consisting of (1) 3 beds + 2 baths, (3) 2 beds + 2 baths, (4) 1 bed + 1 bath, and (1) bachelor unit. The property is fully occupied and currently offered at a 11.5 GRM and 5.5% CAP rate with actual rents. Every unit has its own balcony or patio. Plenty of parking with 8 individual spaces and 10 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 8,102 sf of living area on an 8,259 sf lot. For investors, this is an opportunity to acquire a solid, well-located multifamily asset with lasting appeal and upside potential in an area known for high enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Los Angeles Rent Stabilization.
Listing provided by: David Schuchman DRE #01472937 310-828-7525 david@roque-mark.com, Roque & Mark Company, Inc.
Source: CRMLS, MLS #: 26832909
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.