3608 Mentone Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$2,300,000 USD
310-837-7161
3608 Mentone Ave, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/8
null | 3.73% Cap Rate

3608 Mentone Ave
Los Angeles, CA 90034
Palms


OVERVIEW

Located in the heart of Palms, this nine-unit building is positioned in a prime multi-family location close to Culver City, the Metro light-rail line, and Sony Studios. Built in 1957, this two-story building measures over 7,700 square feet and was seismically retrofitted in 2018. There is a good mix of units with 3 units of 1 bedroom and 1 bath; 2 units of 2 bedrooms and one bath; and 4 units with 2 bedrooms and 2 baths. Units have large rooms, wall heaters, and some window AC units. Copper plumbing. Fourteen parking spaces provide ample parking for all tenants. All units are separately metered for gas and electricity. Trust sale but court confirmation is not required. Property is being sold in “as-is” condition. Property is tenant occupied so the interiors can only be shown with an accepted offer. Trust sale and property is being sold in “as-is” condition. Huge upside potential in the rents. Offers due Monday, March 10. Contact Diana Singerman at 310-663-5145 for more information.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

3.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

LAR3

APN/PARCEL ID

4314-008-005

ASK ABOUT THIS PROPERTY

Dannie CavanaughCavanaugh RealtorsMore Info
310-837-7161

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

Dannie CavanaughCavanaugh RealtorsMore Info
310-837-7161

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