3625 Mentone Ave, Los Angeles, CA 90034
- $2,395,000
- 12
- BD
- 13
- BA
- 8,109
- SqFt
- List Price
- $2,395,000
- Price Change
- ▼ $200,000 1781567509
- MLS#
- 26832909
- Year Built
- 1962
- Bedrooms
- 12
- Bathrooms
- 13
- Living Sq. Ft
- 8,109
- Lot Size
- 8,259
- Days on Market
- 97
- Property Type
- Multifamily
- Style
- Traditional
- Stories
- 2
Property Description
Roque & Mark Co. is pleased to represent this well maintained 9-unit apartment building in the most desirable living area of Palms - north of Venice Blvd. and steps to restaurants, shopping, and downtown Culver City. Excellent unit mix consisting of (1) 3 beds + 2 baths, (3) 2 beds + 2 baths, (4) 1 bed + 1 bath, and (1) bachelor unit. The property is fully occupied and currently offered at a 11.3 GRM and 5.6% CAP rate with actual rents. Every unit has its own balcony or patio. Plenty of parking with 8 individual spaces and 10 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 8,102 sf of living area on an 8,259 sf lot. For investors, this is an opportunity to acquire a solid, well-located multifamily asset with lasting appeal and upside potential in an area known for high enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Los Angeles Rent Stabilization.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- Carport, Driveway
- Water
- In Street, Water District
Mortgage Calculator
Courtesy of Roque & Mark Company, Inc., David Schuchman - CA DRE#01472937
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