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$5,680,000
13 Beds ⋅ 11 Baths ⋅ 26846665 MLS ⋅ Active Status
Investor, developers and land bankers! RARE PALMS APARTMENT PORTFOLIO & DEVELOPMENT ASSEMBLAGE OPPORTUNITY! A truly exceptional opportunity to acquire two contiguous multifamily properties in the heart of Palms neighborhood of West Los Angeles, with the potential to acquire a third adjacent parcel and create a rare three-lot development assemblage. 3338 Mentone Avenue (MLS # 26846665) and 3344 Mentone Avenue (MLS#2686653) are offered together and comprise 17 apartment units with a combined 24 bedrooms and 22 bathrooms. Together, the properties represent a substantial multifamily investment in one of the Westside's strongest rental markets. Adding to the uniqueness of the offering, ownership may have the ability to include the neighboring property at 3332 Mentone Avenue, creating three consecutive parcels with more than 22,000 square feet of combined land area. Opportunities to control three side-by-side apartment lots in Prime Palms are extraordinarily rare and increasingly difficult to replicate. Located within a premier multifamily corridor near Culver City, Century City, UCLA, Silicon Beach, Downtown Culver City, and the Metro E Line, the properties benefit from strong rental demand, exceptional walkability, and long-term redevelopment appeal. Please do not disturb tenants.

3338 Mentone Avenue, Los Angeles
$5,680,000
11 Beds ⋅ 11 Baths ⋅ 26846653 MLS ⋅ Active Status
Investor, developers and land bankers! RARE PALMS APARTMENT PORTFOLIO & DEVELOPMENT ASSEMBLAGE OPPORTUNITY! A truly exceptional opportunity to acquire two contiguous multifamily properties in the heart of Palms neighborhood of West Los Angeles, with the potential to acquire a third adjacent parcel and create a rare three-lot development assemblage. 3338 Mentone Avenue (MLS#26846665) and 3344 Mentone Avenue (MLS# 26846653) are offered together and comprise 17 apartment units with a combined 24 bedrooms and 22 bathrooms. Together, the properties represent a substantial multifamily investment in one of the Westside's strongest rental markets. Adding to the uniqueness of the offering, ownership may have the ability to include the neighboring property at 3332 Mentone Avenue, creating three consecutive parcels with more than 22,000 square feet of combined land area. Opportunities to control three side-by-side apartment lots in Prime Palms are extraordinarily rare and increasingly difficult to replicate. Located within a premier multifamily corridor near Culver City, Century City, UCLA, Silicon Beach, Downtown Culver City, and the Metro E Line, the properties benefit from strong rental demand, exceptional walkability, and long-term redevelopment appeal. Please do not disturb tenants.

3344 Mentone Avenue, Los Angeles
$1,629,000
7 Beds ⋅ 7 Baths ⋅ 26840913 MLS ⋅ Active Status
Building comprised of seven (7) rent-collecting units, two (2) of which are non-conforming efficiency / bachelors units. There are four tandem parking spaces in front of the property that will need to be retrofitted, if the property is not developed in the future. There is also a dedicated space for the trash bin. There is also storage lockers located in the parking area. The utilities are on separate meters for both gas and electric, except for the non-conforming units. Location, Location, Sepulveda and Palm St. Conveniently located near UCLA, USC, LMU, SMC and WLA. Currently Unit 5 is VACANT. Per the owner, they replace the individual meters and sub panels for the complex. Along with installing the gas shut off valves for each meter, along with properly grounding the complex. They've renovated and put money into two of the units when they became vacant. ****Not done: SB 721 deck inspection / Los Angeles city ordnance 183893 (Mandatory Soft Story Retrofit Program.)****

3637 S Sepulveda Boulevard, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.