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3667 Mentone Ave
Los Angeles, CA 90034
3667 Mentone Ave · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Large units with open floor plans
- 3 units delivered vacant
- Individually metered for water, gas, and electric
- 20% rental upside
- Potential to convert the gym into a studio ADU.
- 16 garaged parking spaces
Executive Summary
True North CRE of Compass Commercial is pleased to present 3667 Mentone Avenue, a premier 10-unit multifamily investment opportunity located in the high-demand Palms neighborhood of West Los Angeles. Built in 2019, this contemporary four-story property encompasses approximately 13,152 square feet on a 7,508-square-foot R3-1 zoned lot.
The well-designed unit mix includes:
• 3 | one-bedroom | one-bath units
• 1 | two-bedroom | one-and-a-half bath unit
• 1 | one-bedroom | one-bath + loft three-story townhome
• 5 | two-bedroom | three-bath + loft three-story townhomes
All residences feature open floor plans, abundant natural light, private decks (with some units offering multiple balconies), in-unit washer and dryer, central A/C and heat, and tankless water heaters. Utilities are individually metered for water, gas, and electricity, minimizing landlord expenses.
The building offers 16 gated parking spaces, a common area patio, and an on-site gym with potential for conversion to a studio ADU for additional income. Positioned for both stability and growth, 3667 Mentone Avenue combines strong in-place income with significant rental upside. Its prime location offers convenient access to major freeways (I-10 and I-405) and proximity to Culver City, Santa Monica, Century City, and Westwood—making it an exceptional opportunity for investors seeking a high-quality asset in one of West Los Angeles’ most transit-connected and desirable submarkets. Notably, the property was constructed in place of a rent-controlled duplex and is therefore subject to Los Angeles Rent Control.
The well-designed unit mix includes:
• 3 | one-bedroom | one-bath units
• 1 | two-bedroom | one-and-a-half bath unit
• 1 | one-bedroom | one-bath + loft three-story townhome
• 5 | two-bedroom | three-bath + loft three-story townhomes
All residences feature open floor plans, abundant natural light, private decks (with some units offering multiple balconies), in-unit washer and dryer, central A/C and heat, and tankless water heaters. Utilities are individually metered for water, gas, and electricity, minimizing landlord expenses.
The building offers 16 gated parking spaces, a common area patio, and an on-site gym with potential for conversion to a studio ADU for additional income. Positioned for both stability and growth, 3667 Mentone Avenue combines strong in-place income with significant rental upside. Its prime location offers convenient access to major freeways (I-10 and I-405) and proximity to Culver City, Santa Monica, Century City, and Westwood—making it an exceptional opportunity for investors seeking a high-quality asset in one of West Los Angeles’ most transit-connected and desirable submarkets. Notably, the property was constructed in place of a rent-controlled duplex and is therefore subject to Los Angeles Rent Control.
Property Facts
| Price Per Unit | $854,861 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.15% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 13 | Building Size | 13,152 SF |
| No. Units | 10 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| Price Per Unit | $854,861 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 13 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 13,152 SF |
| No. Stories | 5 |
| Year Built | 2019 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Disposal
- Microwave
- Storage Space
- Kitchen
- Refrigerator
Site Amenities
- Fitness Center
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,706 CAD | 1 |
| 2+1.5 | 1 | $4,127 CAD | 1 |
| 3+3 | 5 | $6,372 CAD | 1 |
Property Taxes
| Parcel Number | 4314-009-015 | Improvements Assessment | $8,168,441 CAD |
| Land Assessment | $2,970,341 CAD | Total Assessment | $11,138,782 CAD |
Property Taxes
Parcel Number
4314-009-015
Land Assessment
$2,970,341 CAD
Improvements Assessment
$8,168,441 CAD
Total Assessment
$11,138,782 CAD
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