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3726 Mentone Ave

3726 Mentone Ave, Los Angeles, CA 90034, USA

FOR SALE

$2,350,000

Property Details

Listing Agent

Property Type

Multifamily

Units

12

Price Per Unit

$195,833

Price Per SF

$338.52

Cap Rate

6.24%

GRM

9.94

Eial Headshot 2_edited.jpg

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

Property Description

The Tuvia Group of Marcus and Millichap is pleased to present a twelve (12) unit apartment building located at 3726 Mentone Ave in Los Angeles, California. The subject property is located in a prime Palms location, just north of Venice Blvd and east of Overland Ave.


Located in prime Palms, this 12-unit multifamily property combines existing income with approximately 40% potential rental upside and possible ADU opportunities. The unit mix comprises one single, nine one-bedroom units, and two two-bedroom units. A soft-story retrofit has been completed, and the property underwent a copper re-pipe in 2005. Residents benefit from on-site laundry, rear tuck-under parking, and front surface parking. Conversion of the tuck-under parking may provide space for multiple ADUs, subject to feasibility and approvals. The property is near the Palms Metro E Line, the 10 and 405 freeways, and major commercial corridors. Downtown Culver City, Media Park, Woodbine Park, and a broad selection of shops and restaurants are also nearby and within reach.


With approximately 40% potential rental upside, completed soft story retrofitting, and possible tuck-under parking conversions for ADUs, the property offers a compelling value-add opportunity in prime Palms.

Property Location

3726 Mentone Ave, Los Angeles, CA 90034, USA

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Contact

Address

Social

Call

818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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