3836 Mentone Ave
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3836 Mentone Ave
9 Unit Block of Flats £2,043,825 (£227,092/Unit) 4.51% Net Initial Yield Culver City, CA 90232
Investment Highlights
- 20%+ Rental Upside
- City of Los Angeles Rent Controlled
- Culver City Adjacent
- ADU Potenial
Executive Summary
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.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,043,825 | Apartment Style | Low Rise |
| Price Per Unit | £227,092 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Net Initial Yield | 4.51% | Building Size | 7,606 SF |
| Gross Rent Multiplier | 12.52 | Average Occupancy | 100% |
| No. Units | 9 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Price | £2,043,825 |
| Price Per Unit | £227,092 |
| Sale Type | Investment |
| Net Initial Yield | 4.51% |
| Gross Rent Multiplier | 12.52 |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,606 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.78/1,000 SF |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 4208-007-007 | Improvements Assessment | £427,848 |
| Land Assessment | £168,119 | Total Assessment | £595,967 |
PROPERTY TAXES
Parcel Number
4208-007-007
Land Assessment
£168,119
Improvements Assessment
£427,848
Total Assessment
£595,967
zoning
| Zoning Code | R5-1, Los Angeles |
| R5-1, Los Angeles |
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3836 Mentone Ave
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