3836 Mentone Ave, Culver City, CA 90232

9 Unit Apartment Building | $2,695,000 ($299,444/Unit) | 4.18% Cap Rate | Culver City, CA 90232

Asking Price $2,695,000

Property Type: Multifamily
Square Feet: 7,606 SF

Listing Contacts

Warren Berzack

Property Overview

The Mentone Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City (and has a Culver City Zip Code). This property presents an astute investor a reposition opportunity as there is approximately 20% upside in rents. Additionally, there is a 2-car garage that can potentially be converted into an ADU. Soft-story retrofit requirement has been completed.

Property Details

Class: C
Year Built: 1957
Stories: 2
Lot Size (sq. ft): 7,841 SF
Units: 9

Highlights

20%+ Rental Upside
Culver City Adjacent
City of Los Angeles Rent Controlled
ADU Potenial

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