3726 MENTONE AVE
A 12-unit apartment building at 3726 Mentone Ave in the Palms neighborhood of Los Angeles, offered at $2,900,000 at a 4.83% cap ($140,032 NOI). The unit mix is one single, nine one-bedrooms, and two two-bedrooms. The listing cites roughly 40% potential rental upside, and the sellers point to possible ADU development as a second value-add path.
The 6,942 SF building was built in 1958 and sits on a 7,500 SF lot zoned LAR3 (APN 4314-003-006). A soft-story retrofit is complete, and the building was re-piped with copper in 2005. On-site features include laundry facilities, rear tuck-under parking, and front surface parking. The tuck-under area could be converted to ADUs, subject to feasibility and approvals.
The property is just north of Venice Boulevard and east of Overland Avenue. Residents have access to the Palms Metro E Line and the 10 and 405 freeways. Downtown Culver City, Media Park, Woodbine Park, and local shopping and dining are nearby.
- 12 units: one single, nine one-bedroom, two two-bedroom
- About 40% potential rental upside
- Soft-story retrofit completed; copper re-pipe in 2005
- Possible ADU conversion of tuck-under parking, subject to approvals
- Near the Palms Metro E Line and the 10 and 405 freeways
More property details
About this property
Marcus & Millichap is pleased to present a 12-unit apartment building located at 3726 Mentone Avenue in the highly desirable Palms neighborhood of Los Angeles, California, just north of Venice Boulevard and east of Overland Avenue. This multifamily property offers an attractive investment opportunity, combining established rental income with approximately 40% potential rental upside and possible accessory dwelling unit (ADU) development opportunities. The property features a unit mix of one single unit, nine one-bedroom apartments, and two two-bedroom apartments. A soft-story retrofit has been completed, and the building underwent a copper re-pipe in 2005. On-site amenities include laundry facilities, rear tuck-under parking, and front surface parking, with the potential to convert tuck-under parking areas into multiple ADUs, subject to feasibility and necessary approvals. Residents benefit from convenient access to the Palms Metro E Line, the 10 and 405 freeways, and major commercial corridors, while Downtown Culver City, Media Park, Woodbine Park, and a variety of shopping and dining destinations are located nearby. With approximately 40% potential rental growth, completed seismic retrofit work, and additional value creation possibilities through ADU conversions, the property presents a compelling value-add investment opportunity in prime Palms.
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