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9 units in prime Palms area.  Priced at only $288,333 per unit!

3625 Mentone Ave., Los Angeles, CA

Offered for $2,595,000

Roque & Mark Co. is pleased to represent this well maintained 9-unit apartment building in the most desirable living area of Palms — north of Venice Blvd, and steps to restaurants, shopping, and downtown Culver City. Excellent unit mix consisting of (1) 3 beds + 2 baths, (3) 2 beds + 2 baths, (4) 1 bed + 1 bath, and (1) bachelor unit. The property is fully occupied and currently offered at a 12.5 GRM and 4.96% CAP rate with actual rents. Every unit has its own balcony or patio. Plenty of parking with 8 individual spaces and 10 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 8,102 sf of living area on an 8,259 sf lot.
For investors, this is an opportunity to acquire a solid, well-located multifamily asset with lasting appeal and upside potential in an area known for high enduring desirability.  This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Los Angeles Rent Stabilization.

Click here to see the Offering Memorandum.

David Schuchman
Roque & Mark Co.
2802 Santa Monica Blvd. | Santa Monica, CA 90404
310.828.7525 | David@roque-mark.com | www.Roque-Mark.com
DRE: 01472937

• BED 14
• BATH 13
• SQ/FT 8102

$2,595,000

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