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Listed by: Scott Rosenberg (310) 889-8738 DRE #01456686 | Kidder Mathews of California, Inc. (310) 807-0880
$2,700,000
13 Beds
- 10 Baths
7,532sqft
3722 Mentone Ave, Los Angeles, CA 90034
$2,700,000
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Multi Family
Built in 1957
$-- HOA
7,502 sqft lot
$358/sq.ft
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 ren...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
7,532 sqft
Lot Size
7,502 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26870057
MLS Status
Active
Days on Market
20
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