3722 Mentone Ave, Los Angeles, CA 90034
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3722 Mentone Ave, Los Angeles, CA 90034
3722 Mentone Ave, Los Angeles, CA 90034
3722 Mentone Ave, Los Angeles, CA 90034
3722 Mentone Ave, Los Angeles, CA 90034
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 2,700,000
Est. payment /mo
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3722 Mentone Ave Los Angeles, CA 90034

13 Beds

10 Baths

7,532 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,532 sqft

Price per Sqft $358

MLS Listing ID 26870057

Style Mid-Century

Bedrooms 13

Year Built 1957

Lot Size 7,502 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

Kidder Mathews is pleased to present 3722 Mentone Ave, a well-maintained 9-unit apartment building situated in the heart of the Palms neighborhood, one of the most centrally located and tightly held rental submarkets on the Westside. The property delivers strong in-place income at a 5.78% going-in cap rate while offering a clear and executable path to a 7.13% market cap rate as below-market units naturally turn over, presenting a rare combination of reliable day-one cash flow and meaningful long-term upside. || The building offers a diverse and desirable unit mix of 1 (Studio/1BA), 4 (1BD/1BA), 3 (2BD/1BA), and 1 (3BD/2BA) across two stories, appealing to Palms' broad renter base of young professionals, couples, and shared households. The property has been consistently well maintained under long-term ownership with strong management in place, reflecting a pride of ownership that is evident throughout the asset and contributing to historically stable occupancy and low tenant turnover. || The property currently has one vacancy, and projected gross rents of $19,430 per month reflect a realistic stabilized income figure once the unit is leased. Approximately 23% in NOI upside remains available as remaining below-market units are brought to market rate through turnover and renovation over time. || Centrally positioned with walkable access to neighborhood dining, retail, parks, beaches, and the Metro E Line, the property offers exceptional connectivity to Culver City, Mar Vista, Mid-City, Santa Monica, and the broader Westside employment base, including major tech and entertainment employers. Residents also benefit from proximity to Sony Pictures Studios, Culver Center Shopping Mall, Veterans Memorial Park, and the weekly Palms Farmers Market, creating a dynamic and highly sought-after residential environment. || For investors looking to establish or grow a Westside multifamily portfolio, 3722 Mentone Ave represents a compelling opportunity to acquire a well-positioned, cash-flowing asset with genuine upside remaining in one of Los Angeles' most desirable and supply-constrained submarkets.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Kitchen Galley Kitchen, Stone Counters, Tile Counters, Remodeled, Pantry, Counter Top

Interior

Interior Features Mirrored Closet Door(s), Recessed Lighting, Common Walls, Beamed Ceiling(s), Living Room Balcony, Turnkey

Heating Wall

Cooling Wall Unit(s), Air Conditioning, Ceiling Fan

Flooring Wood

Equipment Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Other, Range/Oven, Refrigerator, Washer, Hood Fan

Laundry Laundry Area, Room

Exterior

Parking Features Covered Parking, Assigned

Garage Spaces 6.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Lot Description Single Lot, Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Curbs, Street Lighting, Street Paved, Landscaped

Story 2

Sewer In Connected and Paid

Water Public

Architectural Style Mid-Century

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

NEARBY SCHOOL & BUSINESS

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3722 Mentone Ave

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