LAR4 Apartment
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For Sale
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3854 Mentone Ave, Culver City, CA 90232
Apartment property with completed seismic improvements, refreshed exterior paint, and garage drainage upgrades.
Property Size6,296 SF
Price / SF$475.70
Days on Market6
Property Features for 3854 Mentone Ave
General Information
Standard status
Active
Size
6,296 SF
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
LAR4
Net Operating Income
$117,598
Units
Unit Mix
4 x Bachelors, 6 x Studios, 6 x One Bedrooms
Multifamily Units
16
Building Details
Year Built
1958
Stories
2
Units
16
Listing Agency:
Coral Tree Real Estate Service - Sari Gassner
Listed By:
Sari Gassner · License #01052002
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 6:44AM
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 Coral Tree Real Estate Service - Sari Gassner
Investment Insights
Based on property information with market context.
Built in 1958, this 6,296-square-foot apartment building is zoned LAR4 and includes completed soft-story seismic retrofit work. The exterior has been repainted, while the garage has received new drains. The property is professionally managed and includes a mix of bachelor, studio, and one-bedroom residences.
The building is located on Mentone Ave in Culver City, near the Los Angeles border. Its LAR4 zoning may support future development possibilities, subject to buyer verification.
The building is located on Mentone Ave in Culver City, near the Los Angeles border. Its LAR4 zoning may support future development possibilities, subject to buyer verification.
Key Highlights
- LAR4‑zoned apartment building on Mentone Ave
- 6,296‑square‑foot building constructed in 1958
- Soft‑story seismic retrofit completed
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $200.2k | $31.80 |
| − Vacancy | −$16.0k | −$2.54 |
| EGI | $184.2k | $29.26 |
| − OpEx | −$82.9k | −$13.17 |
| NOI | $101.3k | $16.09 |
6,296 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,308 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,960 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
6,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 90232, CA
16,452
Population
7,995
Households
2.1
Avg Household Size
38
Median Age
64%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
7,478
Density / Sq Mi
$125,490
Median Household Income
$84,701
Median Earnings
$2,659
Median Rent
$1,491,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with completed seismic improvements, refreshed exterior paint, and garage drainage upgrades.
Where is this apartment building located?
The property is located at 3854 Mentone Ave Culver City, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: LAR4‑zoned apartment building on Mentone Ave; 6,296‑square‑foot building constructed in 1958; Soft‑story seismic retrofit completed
