3726 Mentone Avenue, Los Angeles, California 90034

$2,900,000

Property Type

Residential Income

Bedrooms

12

Bathrooms

12

Square Feet

6,942 sqft

City

Los Angeles

Status

Active

We are 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. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.