3836 Mentone AVE Culver City, CA 90232
Active
$2,550,000
2%
9 Units
7 Beds
6 Baths
7,606 Area(sq.ft.)
7,652 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 878 | $ 878 | $ 1,495 |
| Unit 2 | 5 | 1 | 1 | No | $ 1,801 | $ 9,000 | $ 10,475 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,184 | $ 2,184 | $ 2,595 |
| Unit 4 | 1 | 2 | 2 | No | $ 2,080 | $ 2,080 | $ 2,695 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,704 | $ 2,704 | $ 2,795 |
| 5 | 9 | 11 | 10 | $ 16,851 | $ 52,846 | $ 61,955 |
| MLS #: | SR24162320MR |
| Days On Market: | 90 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 335 |
| Price per unit: | $ 283,333 |
| Year Built: | 1962 |
Property Details
The Mentone Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City (and has a Culver City Zip Code). This property presents an astute investor a reposition opportunity as there is approximately 20% upside in rents. Additionally, there is a 2-car garage that can potentially be converted into an ADU. Soft-story retrofit requirement has been completed.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 197,486 |
| Total Annual Expense: | $ 82,378 |
| Net Operating Income: | $ 115,107 |
| Cap Rate: | 4.51% |
| Gross Rent Multiplier: | 12.52 |
Structure
| Community Features: | Sidewalks, Storm Drains, Street Lights, Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
| Total Parking: | 11 |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
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Income
