3836 Mentone Ave - Apartments FOR SALE


Culver City, CA 90232
$2,550,000 USD
818-933-0350
3836 Mentone Ave, Culver City, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/7
null | 4.51% Cap Rate

3836 Mentone Ave
Culver City, CA 90232


HIGHLIGHTS

  • 20%+ Rental Upside
  • Culver City Adjacent
  • City of Los Angeles Rent Controlled
  • ADU Potenial

OVERVIEW

The Mentone Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City (and has a Culver City Zip Code). This property presents an astute investor a reposition opportunity as there is approximately 20% upside in rents. Additionally, there is a 2-car garage that can potentially be converted into an ADU. Soft-story retrofit requirement has been completed.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

9

PRICE/UNIT

$283,333

CAP RATE

4.51%

% 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

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,667 SF

ZONING

R5-1, Los Angeles

APN/PARCEL ID

4208-007-007

ASK ABOUT THIS PROPERTY

Warren BerzackLee & Associates Commercial Real Estate ServiceMore Info
818-933-0350

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Warren BerzackLee & Associates Commercial Real Estate ServiceMore Info
818-933-0350

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