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3527 Mentone Ave, Los Angeles, CA 90034
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3527 Mentone Ave Los Angeles, CA 90034

$2,750,000 Sold Price as of 03/03/2021
  • 12 Beds
  • 12 Baths
  • 7,162 Sq.Ft.
Sold
$2,750,000 Sold Price as of 03/03/2021 Refinance Your Mortgage
Map preview of 3527 Mentone Ave, Los Angeles, CA 90034

Property Overview: 3527 Mentone Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 7,162 living square feet and 7,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: JUST REDUCED! 3527 Mentone Avenue is an outstanding 9-unit property is located in the trendy Palms area, close to the growing cultural hub of Culver City, and is also only a few minutes away from the UCLA campus. The property has also recently finished its seismic retrofit work! The building features a unit mix of (1) Three Bed / Two Bath unit, (2) Two Bed / Two Bath units, (5) One Bed / One Bath units, and (1) Studio unit. There is also ample parking available, as well as coin-operated laundry facilities, providing additional income. Current ownership has been very attentive about maintaining the property, and the units are clean and show very well. 3527 Mentone has a very high walk score of 90, meaning that daily errands will not require a car, and tenants will enjoy the luxury of being close to many high-quality amenities, shops, restaurants, and more! The Palms area was even just recently declared the best neighborhood in Los Angeles, and almost half of it’s residents have at least a 4-year degree. Just 2 miles away from the property, Google will be moving into their brand new office space, totaling 584,000 square feet! 3527 Mentone presents a terrific opportunity for today’s discerning apartment investor to purchase a solid asset in a great market!

Listed by Josh Cohen | BRE #01346713 | Keller Williams Beach Cities
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB20196994
City
Los Angeles
County
Los Angeles
Time on Site
1216 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,194
  • Total Rent: $2,194
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,099
  • Total Rent: $1,099
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,647
  • Total Rent: $2,647
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,930
  • Total Rent: $1,930
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.38%
  • Gross Rent Multiplier: 15.55
  • Gross Scheduled Income: $192,648
  • Net Operating Income: $131,096
  • Gross Operating Income: --
  • Other Income Description: Contact for more inc/exp info
Annual Expense Breakdown
  • Total Operating Expense: $58,900
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expense Description: Contact

Property Details for 3527 Mentone Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 4314012006
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Palms Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3527 Mentone Ave

Last sold for $2,750,000 on March 3rd, 2021

  • March, 2021

  • Mar 5, 2021

    Date

    Sold

    CRMLS: SB20196994

    $2,750,000

    Price

  • Dec 24, 2020

    Date

    Pending

    CRMLS: SB20196994

    $2,995,000

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: SB20196994

    $2,995,000

    Price

  • Nov 6, 2020

    Date

    Price Change

    CRMLS: SB20196994

    $2,995,000

    Price

  • Oct 16, 2020

    Date

    Pending

    CRMLS: SB20196994

    $3,075,000

    Price

  • Sep 21, 2020

    Date

    Active

    CRMLS: SB20196994

    $3,075,000

    Price

  • July, 2011

  • Jul 22, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2005

  • Jul 13, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3527 Mentone Ave

Assessed Value (2020): $1,761,881
Year Land Value Improved Value Assessed Value
2020 $1,499,477 $262,404 $1,761,881

Home Value Compared to the Market

This property vs the competition

3527 Mentone Ave sold on March 3, 2021 for 151.68% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $418.18 per/sqft which puts the price per square foot 44.61% lower than the current median sale per square foot for the city of Los Angeles.

About 3527 Mentone Ave

Detailed summary of property

3527 Mentone Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 7,162 living square feet, and sits on an approximately 7,503 square foot lot. 3527 Mentone Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,750,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 151.68% higher than the current median priced home. Local homes that are currently for sale include 2625 Chariton, 2621 Chariton St and 2615 Chariton St. While the average home in Los Angeles, CA is selling in 93 days, 3527 Mentone Ave has a days on market of 73 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3527 Mentone Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3527 Mentone Ave

Public county record property details
Beds
12
Baths
12
Year built
1963
Sq. Ft.
7,162
Lot Size
7,503
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
4314-012-006

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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