3722 Mentone Avenue, Los Angeles, CA 90034
Local realty services provided by:CENTURY 21 Cornerstone
3722 Mentone Avenue,Los Angeles, CA 90034
$2,495,000
- 13 Beds
- 10 Baths
- 7,532 sq. ft.
- Multi-family
- Active
Listed by: scott rosenberg
Office: kidder mathews of california, inc.310-807-0880
MLS#:26870057
Source:CRMLS
Price summary
- Price:$2,495,000
- Price per sq. ft.:$331.25
About this home
Our team is pleased to present 3722 Mentone Ave, a well-maintained 9-unit apartment building situated in the heart of the Palms neighborhood, one of the most centrally located and tightly held rental submarkets on the Westside. The property delivers strong in-place income at a 6.36% going-in cap rate while offering a clear and executable path to a 7.81% market cap rate as below-market units naturally turn over, presenting a rare combination of reliable day-one cash flow and meaningful long-term upside. || The building offers a diverse and desirable unit mix of 1 (Studio/1BA), 4 (1BD/1BA), 3 (2BD/1BA), and 1 (3BD/2BA) across two stories, appealing to Palms' broad renter base of young professionals, couples, and shared households. The property has been consistently well maintained under long-term ownership with strong management in place, reflecting a pride of ownership that is evident throughout the asset and contributing to historically stable occupancy and low tenant turnover. || The property currently has one vacancy, and projected gross rents of $19,430 per month reflect a realistic stabilized income figure once the unit is leased. Approximately 23% in NOI upside remains available as remaining below-market units are brought to market rate through turnover and renovation over time. || Centrally positioned with walkable access to neighborhood dining, retail, parks, beaches, and the Metro E Line, the property offers exceptional connectivity to Culver City, Mar Vista, Mid-City, Santa Monica, and the broader Westside employment base, including major tech and entertainment employers. Residents also benefit from proximity to Sony Pictures Studios, Culver Center Shopping Mall, Veterans Memorial Park, and the weekly Palms Farmers Market, creating a dynamic and highly sought-after residential environment. || For investors looking to establish or grow a Westside multifamily portfolio, 3722 Mentone Ave represents a compelling opportunity to acquire a well-positioned, cash-flowing asset with genuine upside remaining in one of Los Angeles' most desirable and supply-constrained submarkets....
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Home facts
- Year built:1957
- Listing ID #:26870057
- Added:79 day(s) ago
- Updated:October 26, 2026 at 11:13 AM
Rooms and interior
- Bedrooms:13
- Total bathrooms:10
- Flooring:Wood
- Kitchen Description:Dishwasher, Disposal, Microwave, Oven, Range, Range Hood, Refrigerator
- Living area:7,532 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1957
- Building area:7,532 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Landscaped, Rectangular Lot
- Architectural Style:Mid Century Modern
- Construction Materials:Stucco
- Exterior Features:Open, Patio
- Levels:2 Story
Utilities
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$2,495,000
- Price per sq. ft.:$331.25
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Washer
- Laundry features:Dryer, Washer
- Amenities:Balcony, Beamed Ceilings, Ceiling Fans, Recessed Lighting, Walk In Closets
Parking
- Total parking spaces:6
- Parking description:Assigned, Covered
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