$2,395,000
About this home
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. This property can be purchased separately or with 3735 Mentone Ave. 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 11.5 GRM and 5.5% 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.
Facts & features
- Bedrooms
- 12
- Bathrooms
- 0 full, 0 half
- Living area
- 8,109 sq ft
- Appliances
- Dishwasher, Disposal
- Heating
- Wall Furnace
- Cooling
- None
- Laundry
- Common Area
- Levels
- One
- Lot size
- 0.19 acres (8,259 sq ft)
- Architectural style
- Traditional
- Year built
- 1962
- Parking
- Carport, Driveway
- Parking spaces
- 10
- Area
- C 13 - Palms - Mar Vista
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 34
- Listed
- 2026-05-12
- Original price
- $2,595,000
- Parcel #
- 4314009006
- MLS #
- 26832909
