3743 MENTONE AVE

Marcus & Millichap is pleased to present an eight-unit apartment building located at 3743 Mentone Avenue in the highly desirable Palms neighborhood of Los Angeles, California, just north of Venice Boulevard and east of Overland Avenue. Built by the Seller’s family, this multifamily property presents an attractive investment opportunity with approximately 60% potential rental upside and additional possibilities for accessory dwelling unit (ADU) conversions. The property features an all two-bedroom unit mix, catering to renters seeking spacious accommodations. Notable capital improvements include a completed soft-story retrofit, a new roof installed in 2021, and a copper re-pipe completed in 2004. On-site amenities include laundry facilities and tuck-under parking at both the front and rear of the property, with potential opportunities to convert the 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 substantial rental growth potential, a desirable all two-bedroom layout, completed capital improvements, and potential ADU development opportunities, the property represents a compelling value-add investment in prime Palms.