Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 3747 Mentone Avenue, a 9-unit value-add multifamily investment located immediately adjacent to Culver City.
Constructed in 1969, the property remains largely untouched, providing investors with a true value-add opportunity to renovate and reposition a well-located apartment community over time. The property’s original condition allows new ownership to implement a cohesive improvement program while capturing meaningful embedded rental upside as units naturally turn.
Situated on an approximately 7,500-square-foot lot, the property encompasses approximately 7,283 gross square feet and features an excellent unit mix consisting of two (2) studio units, two (2) one-bedroom/one-bathroom units, one (1) two-bedroom/one-bathroom unit, three (3) two-bedroom/one-and-one-half-bathroom units, and one (1) three-bedroom/two-bathroom unit. One two-bedroom/one-bathroom unit is currently vacant, providing new ownership with an immediate opportunity to renovate the unit and establish a new market rent.
The property is adequately parked with carport parking located at both the front and rear of the property, including three single spaces, three tandem spaces, and one three-car tandem space.
Current in-place rents trail underwritten market rents by approximately 16%, providing meaningful embedded rental upside that can be captured over time through natural tenant turnover. Combined with the property’s largely original condition, the rental differential provides a straightforward path to long-term value creation through renovations and improved rental income.
Located just steps from Culver City and Sony Pictures Studios, residents benefit from immediate access to one of West Los Angeles’s most dynamic employment and lifestyle hubs. The property offers convenient connectivity to Downtown Culver City, Palms, West Adams, Century City, Beverly Hills, and surrounding employment centers.
With its Culver City-adjacent location, excellent unit mix, embedded rental upside, and largely untouched condition, 3747 Mentone Avenue presents a compelling opportunity to reposition a true value-add multifamily asset in a highly desirable West Los Angeles location.