3625 Mentone Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$2,595,000 USD
310-903-7706
3625 Mentone Ave, Los Angeles, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/16
null | 4.96% Cap Rate

3625 Mentone Ave
Los Angeles, CA 90034
Palms


OVERVIEW

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 12.5 GRM and 4.96% 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.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

9

PRICE/UNIT

$288,333

CAP RATE

4.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,233 SF

ZONING

LAR3

APN/PARCEL ID

4314-009-006

ASK ABOUT THIS PROPERTY

David SchuchmanRoque & Mark Co., Inc.More Info
310-903-7706

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David SchuchmanRoque & Mark Co., Inc.More Info
310-903-7706

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.