3637 Mentone Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$2,695,000 USD
310-776-0564
3637 Mentone Ave, Los Angeles, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/16
null | 4.96% Cap Rate

3637 Mentone Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Fantastic Palms location
  • Ideal unit mix
  • Long-term family ownership
  • Massive upside potential

OVERVIEW

CAN BE PURCHASED INDIVIDUALLY OR WITH 12715-12717 VENICE AND 12665 VENICE AS A PORTFOLIO. We are pleased to present the exclusive opportunity to acquire a well-located, professionally managed multi-family property on LA’s famed Westside. Perfectly situated in the Palms neighborhood with it’s easy access to West LA, Culver City, and the 405/10 freeways, 3637 Mentone Avenue was built in 1961 and features 9 apartments, including three 2-bed/1-bath units and six 1-bed/1bath units. The apartments boast spacious layouts with separate dining areas, walk-in closets, balconies, and new flooring in many instances. There are on-site laundry facilities, off-street parking, low maintenance landscaping, and separate meters for gas and electricity. Soft story retrofit work was completed and a Certificate of Compliance issued. 3637 Mentone truly offers the astute investor an excellent turnkey property with a tremendous foundation for income and cap rate growth as well as long-term asset appreciation.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

9

PRICE/UNIT

$299,444

CAP RATE

4.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Units in Prime Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,507 SF

ZONING

LAR3

APN/PARCEL ID

4314-009-009

ASK ABOUT THIS PROPERTY

Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

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Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

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