Nine-Unit Apartment Building with
For Sale
$2,395,000
Pending
3625 Mentone Ave, Los Angeles, CA 90034
Fully occupied nine-unit building with private balconies or patios, completed soft-story retrofitting, and 8 on-site parking spaces.
Property Size8,109 SF
Lot Size0.19 Acres
Days on Market127
Property Features for 3625 Mentone Ave
General Information
Standard status
Pending
Size
8,109 SF
Total Parking Spaces
8
Lot size
0.19 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Financials
Cap Rate
5.5%
Gross Rent Multiplier
11.5
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/2BA, 4 x 1BR/1BA, 1 x bachelor
Multifamily Units
9
Amenities
private balcony or patio
Building Details
Building Size
8,109 SF
Year Built
1962
Buildings
1
Listing Agency:
Roque & Mark Company, Inc.
Listed By:
David Schuchman · License #01472937
Source:
Jademillsestates
Added: May 12
Changed: Sep 12
Last Checked: Sep 14 at 10:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Roque & Mark Company, Inc.
Investment Insights
Based on property information with market context.
Well maintained nine-unit apartment building offering a diversified unit mix: 1 bachelor unit, four 1 bed/1 bath units, three 2 bed/2 bath units, and one 3 bed/2 bath unit. Every unit has its own balcony or patio. The building is fully occupied, and soft-story retrofitting and balcony inspections have been completed.
The property includes 8,102 sf of living area on an 8,259 sf lot and provides plenty of parking with 8 individual spaces and 10 total spaces if used as tandem. There is an alley. The building was built in 1962, and it is subject to City of Los Angeles Rent Stabilization.
The current operating metrics provided are an 11.5 GRM and a 5.5% CAP rate using actual rents. The building is located north of Venice Blvd in the Palms area, steps to restaurants, shopping, and downtown Culver City.
The property includes 8,102 sf of living area on an 8,259 sf lot and provides plenty of parking with 8 individual spaces and 10 total spaces if used as tandem. There is an alley. The building was built in 1962, and it is subject to City of Los Angeles Rent Stabilization.
The current operating metrics provided are an 11.5 GRM and a 5.5% CAP rate using actual rents. The building is located north of Venice Blvd in the Palms area, steps to restaurants, shopping, and downtown Culver City.
Key Highlights
- Fully occupied nine‑unit apartment building with private balcony or patio for every unit
- Soft‑story retrofitting and balcony inspections completed
- Unit mix: 1 bachelor, 4 studios/1 bed‑1 bath, 3 two bed‑2 bath, 1 three bed‑2 bath
Property Analytics
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Current Use
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,716
Businesses Nearby
Explore this area
Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied nine-unit building with private balconies or patios, completed soft-story retrofitting, and 8 on-site parking spaces.
Where is this apartment building located?
The property is located at 3625 Mentone Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Fully occupied nine‑unit apartment building with private balcony or patio for every unit; Soft‑story retrofitting and balcony inspections completed; Unit mix: 1 bachelor, 4 studios/1 bed‑1 bath, 3 two bed‑2 bath, 1 three bed‑2 bath
