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Kidder Mathews is pleased to present 3722 Mentone Ave, a well-maintained 9-unit apartment building situated in the heart of the Palms neighborhood, one of the most centrally located and tightly held rental submarkets on the Westside. The property delivers strong in-place income at a 5.78% going-in cap rate while offering a clear and executable path to a 7.13% market cap rate as below-market units naturally turn over, presenting a rare combination of reliable day-one cash flow and meaningful long-term upside. || The building offers a diverse and desirable unit mix of 1 (Studio/1BA), 4 (1BD/1BA), 3 (2BD/1BA), and 1 (3BD/2BA) across two stories, appealing to Palms' broad renter base of young professionals, couples, and shared households. The property has been consistently well maintained under long-term ownership with strong management in place, reflecting a pride of ownership that is evident throughout the asset and contributing to historically stable occupancy and low tenant turnover. || The property currently has one vacancy, and projected gross rents of $19,430 per month reflect a realistic stabilized income figure once the unit is leased. Approximately 23% in NOI upside remains available as remaining below-market units are brought to market rate through turnover and renovation over time. || Centrally positioned with walkable access to neighborhood dining, retail, parks, beaches, and the Metro E Line, the property offers exceptional connectivity to Culver City, Mar Vista, Mid-City, Santa Monica, and the broader Westside employment base, including major tech and entertainment employers. Residents also benefit from proximity to Sony Pictures Studios, Culver Center Shopping Mall, Veterans Memorial Park, and the weekly Palms Farmers Market, creating a dynamic and highly sought-after residential environment. || For investors looking to establish or grow a Westside multifamily portfolio, 3722 Mentone Ave represents a compelling opportunity to acquire a well-positioned, cash-flowing asset with genuine upside remaining in one of Los Angeles' most desirable and supply-constrained submarkets.
Property Type(s):
Residential Income
| Last Updated | 8/7/2026 | Year Built | 1957 |
|---|---|---|---|
| Community | C13 - Palms - Mar Vista | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer |
|---|---|
| AREA | C13 - Palms - Mar Vista |
| CONSTRUCTION | Stucco |
| EXTERIOR | Balcony |
| HEAT | Wall Furnace |
| INTERIOR | Beamed Ceilings, Ceiling Fan(s), Recessed Lighting, Walk-In Closet(s) |
| LOT | 7501 sq ft |
| LOT DESCRIPTION | Landscaped, Rectangular Lot |
| LOT DIMENSIONS | 7502 |
| PARKING | Assigned, Covered |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | MidCenturyModern |
| VIEW DESCRIPTION | None |
Location
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Listed with Kidder Mathews of California, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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