3735 Mentone Avenue, Los Angeles, CA 90034
List Price: $2.38M
Listing Status: Active
Original List Price: $2.58M
0Days on Market: 34
10 Bedrooms · 11 Bathrooms · 7,318 sq ft
Property Type: ResidentialIncome
Year Built: 1967
Lot Size: 7,502 sq ft
MLS Number: 26832941
About This Property
Roque & Mark Co. is pleased to represent this well maintained 8-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 3625 Mentone Ave. Excellent unit mix consisting of (3) 2 beds + 2 baths, (1) 1 bed + large den + 1 bath, (3) 1 bed + 1 bath, and (1) studio unit. The property is fully occupied and currently offered at a 11.0 GRM and 6.0% CAP rate with actual rents. Most units have their own balcony or patio. Plenty of parking with 8 individual spaces and 11 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 7,318 sf of living area on a 7,502 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 #: 26832941
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.