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Diego Magdaleno

diego@1visionre.com +1(714) 376-8652

$2,700,000

Est. payment - /mo

13 Beds

10 Baths

7,532 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,532 sqft

Price per Sqft $358

MLS Listing ID 26870057

Bedrooms 13

HOA Y/N No

Year Built 1957

Lot Size 7,501 Sqft

Property Description

Kidder Mathews 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 5.78% going-in cap rate while offering a clear and executable path to a 7.13% 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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Interior Features Beamed Ceilings, Balcony, Ceiling Fan(s), Recessed Lighting, Walk-In Closet(s)

Heating Wall Furnace

Flooring Wood

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Laundry Room

Exterior

Parking Features Assigned, Covered

Pool None

View Y/N No

View None

Porch Open, Patio

Total Parking Spaces 6

Private Pool No

Building

Lot Description Landscaped, Rectangular Lot

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4314003005

Special Listing Condition Standard

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Listed by Scott Rosenberg Kidder Mathews of California, Inc. #01456686

NEARBY SCHOOLS & PROPERTIES

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+1(714) 681-1222

info@1visionre.com

3722 Mentone AVE Los Angeles, CA 90034

Diego Magdaleno

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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3722 Mentone AVE