3836 Mentone Avenue

Culver City, CA 90232

$2,695,000
Price
7
Beds
10
Baths
7,606 Sq. Ft.
$354 / Sq. Ft.
7,606
Sq. Ft.
$354
per Sq. Ft.

Description

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.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.
  1. Listed by Warren Berzack • DRE #01329015 • Brokerage DRE #01191898 • Lee & Associates • 818-269-2979

Property Details for 3836 Mentone Avenue

Parking Spaces Total
11
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7606
Assessor Parcel Number
4208-007-007
Property Attached YN
true
LISTING UPDATED: 08/15/2024 11:38 PM

Property Details for 3836 Mentone Avenue

StatusActive
MLS #SR24162320
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Building Information for 3836 Mentone Avenue

Building/Complex3836 Mentone AveFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Property Information for 3836 Mentone Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $202,933
  • Gross Scheduled Income: $202,993
  • Vacancy Allowance: 6090
  • Gross Operating Income: $196,904
  • Net Operating Income: $112,713
  • Gross Multiplier: 13.28
  • Cap Rate: 4.18
Expense Details
  • Operating Expense: $84,191
  • New Taxes Expense: $33,688
  • Gardener Expense: $2,700
  • Cable TV Expense: $0
  • Fuel Expense: $2,000
  • Licenses Expense: $960
  • Pest Control Expense: $729
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $2,000
  • Insurance Expense: $6,687
  • Maintenance Expense: $11,409
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $3,900
  • Other Expense Description: Misc
  • Trash Expense: $4,908
  • Water Sewer Expense: $15,210
  • Supplies Expense: $0
  • Total Expenses: $84,191
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 1
  • Tax Census Tract: 2699.03
  • CFD/Mello-Roos Fee: $1,279
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Rectangular Lot, Near Public Transit
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 6
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $878
  • Unit Type Total Rent: $878
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,801
  • Unit Type Total Rent: $9,000
  • Unit Type Pro Forma: 10475
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,184
  • Unit Type Total Rent: $2,184
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,080
  • Unit Type Total Rent: $2,080
  • Unit Type Pro Forma: 2695
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,704
  • Unit Type Total Rent: $2,704
  • Unit Type Pro Forma: 2795
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 3836 Mentone Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3836 Mentone Avenue

Taxable ValueLand$209,756Additions$538,009Total$747,765
Tax Record2023$10,073 ($839 / month)
Home Facts
Total Finished SqFt7,606 SqFtAbove Grade Finished SqFt7,606 SqFtLot Size7,650 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN4208-007-007

Schools near 3836 Mentone Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palms Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3836 Mentone Avenue is a multi-family home for sale in Culver City, CA 90232. This property was listed for sale on August 5, 2024 by Lee & Associates, it's currently listed at $2,695,000. It has been on the market for a total of 43 days and was last sold on July 24, 1997. This listing's school district is Los Angeles Unified School District. Nearby schools include Palms Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 3836 Mentone Avenue is a 7-bed, 10-bath, 7,606 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates, Warren Berzack, DRE #01329015

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.