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 its easy access to West LA, Culver City, and the 405/10 freeways, 3637 Mentone Avenue was built in 1961 and features 9 apartments,… Read More 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. Read Less
Property listed by REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa 310-802-2500
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
12
Square Ft.
7,497
Lot Size
0.17 Acres
Year Built
1961
MLS Number
25521043
30 Days Snapshot Of 90034
$1,681k
-17%
(avg) sold price
10
-37%
homes sold
71
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Microwave
Building
Built in 1961, Building area total: 7,497, Levels: Two, Living area: 7497, 2 stories, 1 building
Cooling
CentralAir
Heating
Central
Income
Gross income: $218,593, Net operating income: $133,668
Interior Features
CeilingFans
Lot
0.1724 acres, 7,509 square feet, Size: 7,509
Parking
10 totals parking, Assigned, Covered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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