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3735 Mentone Ave 8 Unit Apartment Building $3,374,068 CAD ($421,758 CAD/Unit) 6.04% Cap Rate Los Angeles, CA 90034



Executive Summary
Price Reduction! Roque & Mark Co. is pleased to represent this well maintained 8-unit apartment building in the most desirable living area of Palms - north of Venice Blvd. and steps to restaurants, shopping, and downtown Culver City. This property can be purchased separately or with 3625 Mentone Ave. Excellent unit mix consisting of (3) 2 beds + 2 baths, (1) 1 bed + large den + 1 bath, (3) 1 bed + 1 bath, and (1) studio unit. The property is fully occupied and currently offered at a 11.0 GRM and 6.04% CAP rate with actual rents. Most units have their own balcony or patio. Plenty of parking with 8 individual spaces and 11 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 7,318 sf of living area on a 7,502 sf lot. For investors, this is an opportunity to acquire a solid, well-located multifamily asset with lasting appeal and upside potential in an area known for high enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Los Angeles Rent Stabilization.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$306,044
|
$28.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,120
|
$0.56
|
| Effective Gross Income |
$299,924
|
$27.48
|
| Taxes |
$37,115
|
$3.40
|
| Operating Expenses |
$59,152
|
$5.42
|
| Total Expenses |
$96,267
|
$8.82
|
| Net Operating Income |
$203,657
|
$18.66
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $306,044 |
| Annual Per SF | $28.04 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,120 |
| Annual Per SF | $0.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $299,924 |
| Annual Per SF | $27.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,115 |
| Annual Per SF | $3.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,152 |
| Annual Per SF | $5.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $96,267 |
| Annual Per SF | $8.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $203,657 |
| Annual Per SF | $18.66 |
Property Facts
| Price | $3,374,068 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $421,758 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.04% | Building Size | 7,318 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | LAR3 | ||
| Price | $3,374,068 CAD |
| Price Per Unit | $421,758 CAD |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Gross Rent Multiplier | 11 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,318 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $3,971 CAD | 1,200 - 1,300 |
| 1+1 | 4 | $3,015 CAD | 700 - 1,000 |
| Studios | 1 | $1,544 CAD | 400 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4314-002-005 | Total Assessment | $1,261,819 CAD |
| Land Assessment | $356,130 CAD | Annual Taxes | $37,115 CAD ($5.07 CAD/SF) |
| Improvements Assessment | $905,689 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4314-002-005
Land Assessment
$356,130 CAD
Improvements Assessment
$905,689 CAD
Total Assessment
$1,261,819 CAD
Annual Taxes
$37,115 CAD ($5.07 CAD/SF)
Tax Year
2025
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3735 Mentone Ave
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