3338 Mentone Ave 8 Unit Apartment Building $2,840,000 ($355,000/Unit) 5.60% Cap Rate Los Angeles, CA 90034

This apartment is to be sold together with 3344 Mentone Avenue right next door at $5,680,000 ($2.84M each). Due to its excessive high expenses for taking care of two apartment units with mold in year 2024-2025, the GRM is distorted. RARE PALMS APARTMENT PORTFOLIO & DEVELOPMENT ASSEMBLAGE OPPORTUNITY! A truly exceptional opportunity to acquire two contiguous multifamily properties in the heart of Palms neighborhood of West Los Angeles, with the potential to acquire a third adjacent parcel and create a rare three-lot development assemblage. 3338 Mentone Avenue and 3344 Mentone Avenue are offered together and comprise 17 apartment units with a combined 24 bedrooms and 22 bathrooms. Together, the properties represent a substantial multifamily investment in one of the Westside's strongest rental markets. Adding to the uniqueness of the offering, ownership may have the ability to include the neighboring property at 3332 Mentone Avenue, creating three consecutive parcels with more than 22,000 square feet of combined land area. Opportunities to control three side-by-side apartment lots in Prime Palms are extraordinarily rare and increasingly difficult to replicate. Located within a premier multifamily corridor near Culver City, Century City, UCLA, Silicon Beach, Downtown Culver City, and the Metro E Line, the properties benefit from strong rental demand, exceptional walkability, and long-term redevelopment appeal. Please do not disturb tenants. Its front unit #1 has been used as an owner-occupied unit. Its pictures are shown along with the listing. Other units interior conditions may vary,