3667 Mentone Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$6,295,000 USD
310-779-9929
3667 Mentone Ave, Los Angeles, CA for Sale
$6,295,000 USD
Apartments - FOR SALE
1/21
null | 4.8% Cap Rate

3667 Mentone Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Large units with open floor plans
  • 27.8% rental upside
  • 1 Unit delivered vacant
  • Potential to convert the gym into a studio ADU. 
  • Individually metered for water, gas, and electric
  • 16 garaged parking spaces

OVERVIEW

True North CRE of Compass Commercial is pleased to present 3667 Mentone Avenue, a premier 10-unit multifamily investment opportunity located in the high-demand Palms neighborhood of West Los Angeles. Built in 2019, this contemporary four-story property encompasses approximately 13,152 square feet on a 7,508-square-foot R3-1 zoned lot. The well-designed unit mix includes: • 3 | one-bedroom | one-bath units • 1 | two-bedroom | one-and-a-half bath unit • 1 | one-bedroom | one-bath + loft three-story townhome • 5 | two-bedroom | three-bath + loft three-story townhomes All residences feature open floor plans, abundant natural light, private decks (with some units offering multiple balconies), in-unit washer and dryer, central A/C and heat, and tankless water heaters. Utilities are individually metered for water, gas, and electricity, minimizing landlord expenses. The building offers 16 gated parking spaces, a common area patio, and an on-site gym with potential for conversion to a studio ADU for additional income. Positioned for both stability and growth, 3667 Mentone Avenue combines strong in-place income with significant rental upside. Its prime location offers convenient access to major freeways (I-10 and I-405) and proximity to Culver City, Santa Monica, Century City, and Westwood—making it an exceptional opportunity for investors seeking a high-quality asset in one of West Los Angeles’ most transit-connected and desirable submarkets. Notably, the property was constructed in place of a rent-controlled duplex and is therefore subject to Los Angeles Rent Control.

FOR SALE DETAILS

PRICE

$6,295,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

10

PRICE/UNIT

$629,500

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3667 Mentone Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2019

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,510 SF

ZONING

LAR3

APN/PARCEL ID

4314-009-015

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

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