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Multifamily

Jade of Palms

3308 Mentone Ave, Los Angeles, CA 90034

Listing Price: $12,995,000

Cap Rate
4.00%
Number of Units
15
GRM
17.24
Price/Unit
$866,333
Price/Gross SF
$723.55
Gross SF
17,960

Investment Overview

Marcus & Millichap is pleased to present The Jade of Palms, an exceptional investment opportunity located at 3308 Mentone Ave, Los Angeles, CA 90034. This newly constructed fifteen (15) unit building, completed in 2023, is not just a property; it’s an investment that embodies sophistication, luxury, and unparalleled potential.

From the outset, The Jade of Palms commands attention as a prime asset in a sought-after location. This meticulously designed property offers a range of premium features that are geared towards attracting savvy investors seeking the finest in upscale real estate.

This exceptional property boasts an array of standout amenities, from private security patrol ensuring a secure environment to a smart intercom system with cameras and app access, enhancing both convenience and safety. The gated, subterranean parking with 24 secure spaces offers a premium parking solution, while the inclusion of wifi in common areas and bicycle racks in the secured gated garage cater to the modern lifestyle.

For potential additional income streams, the recreation room, complete with a full kitchen and entertainment options, presents a versatile space with potential for an ADU conversion. Meanwhile, the rooftop deck with barbeques and fire pits adds a touch of exclusivity, ideal for hosting events and taking in stunning views.

Investors will appreciate the pet-friendly policy, catering to a broader tenant base, and electric vehicle charging stations, supporting sustainability and attracting environmentally conscious renters.

Each of the modern units within The Jade of Palms exudes sophistication, with high-end finishes, spacious layouts, and high ceilings creating an ambiance of grandeur. In-unit washer and dryer setups add a layer of convenience, while smart thermostats for central air and heat control ensure residents enjoy optimal comfort. Private balconies and patios offer a serene escape, while walk-in closets with custom-built shelving promote organization and premium stainless steel appliances elevate the kitchen experience. Luxury vinyl plank flooring adds a touch of elegance, and sweeping city and mountain views add a wow factor that enhances the property’s appeal.

The location of The Jade of Palms further solidifies its investment potential. Situated in LA’s historic Palms neighborhood, this property is strategically positioned to attract high-quality tenants. With easy access to major employers, including Sony, Fox-Disney, Amazon, Apple, Google, Century City, Downtown Culver City, UCLA, and Silicon Beach, this property offers an unparalleled opportunity to tap into a thriving rental market.

Beyond its economic advantages, the neighborhood itself is a cultural hub, boasting world-renowned attractions like the Getty Center, LACMA, and a diverse range of dining options, further enhancing its desirability and ensuring a steady influx of tenants.

In summary, The Jade of Palms represents a rare and compelling investment prospect. With its meticulously crafted units, superb location, and proximity to key economic centers, it offers an attractive proposition for discerning investors seeking to capitalize on the lucrative Los Angeles real estate market. Don’t miss your chance to secure this prime asset in the heart of Palms—your gateway to a prosperous future in real estate investment.

Investment Highlights

  • PRIME LOCATION
  • UPSCALE AMENITIES
  • DIVERSE UNIT MIX
  • SUSTAINABLE FEATURES
  • PROXIMITY TO ECONOMIC HUBS
  • CULTURAL AND DINING ATTRACTIONS
  • EASY COMMUTING
  • ADDITIONAL INCOME-GENERATING POTENTIAL

Exclusively Listed By

Financing By

Multifamily

Jade of Palms

Listing Price: $12,995,000

Cap Rate
4.00%
Number of Units
15
GRM
17.24
Price/Unit
$866,333
Price/Gross SF
$723.55
Gross SF
17,960

Investment Highlights

  • PRIME LOCATION
  • UPSCALE AMENITIES
  • DIVERSE UNIT MIX
  • SUSTAINABLE FEATURES
  • PROXIMITY TO ECONOMIC HUBS
  • CULTURAL AND DINING ATTRACTIONS
  • EASY COMMUTING
  • ADDITIONAL INCOME-GENERATING POTENTIAL

Investment Overview

Marcus & Millichap is pleased to present The Jade of Palms, an exceptional investment opportunity located at 3308 Mentone Ave, Los Angeles, CA 90034. This newly constructed fifteen (15) unit building, completed in 2023, is not just a property; it’s an investment that embodies sophistication, luxury, and unparalleled potential. From the outset, The Jade of Palms commands attention as a prime asset in a sought-after location. This meticulously designed property offers a range of premium features that are geared towards attracting savvy investors seeking the finest in upscale real estate. This exceptional property boasts an array of standout amenities, from private security patrol ensuring a secure environment to a smart intercom system with cameras and app access, enhancing both convenience and safety. The gated, subterranean parking with 24 secure spaces offers a premium parking solution, while the inclusion of wifi in common areas and bicycle racks in the secured gated garage cater to the modern lifestyle. For potential additional income streams, the recreation room, complete with a full kitchen and entertainment options, presents a versatile space with potential for an ADU conversion. Meanwhile, the rooftop deck with barbeques and fire pits adds a touch of exclusivity, ideal for hosting events and taking in stunning views. Investors will appreciate the pet-friendly policy, catering to a broader tenant base, and electric vehicle charging stations, supporting sustainability and attracting environmentally conscious renters. Each of the modern units within The Jade of Palms exudes sophistication, with high-end finishes, spacious layouts, and high ceilings creating an ambiance of grandeur. In-unit washer and dryer setups add a layer of convenience, while smart thermostats for central air and heat control ensure residents enjoy optimal comfort. Private balconies and patios offer a serene escape, while walk-in closets with custom-built shelving promote organization and premium stainless steel appliances elevate the kitchen experience. Luxury vinyl plank flooring adds a touch of elegance, and sweeping city and mountain views add a wow factor that enhances the property’s appeal. The location of The Jade of Palms further solidifies its investment potential. Situated in LA’s historic Palms neighborhood, this property is strategically positioned to attract high-quality tenants. With easy access to major employers, including Sony, Fox-Disney, Amazon, Apple, Google, Century City, Downtown Culver City, UCLA, and Silicon Beach, this property offers an unparalleled opportunity to tap into a thriving rental market. Beyond its economic advantages, the neighborhood itself is a cultural hub, boasting world-renowned attractions like the Getty Center, LACMA, and a diverse range of dining options, further enhancing its desirability and ensuring a steady influx of tenants. In summary, The Jade of Palms represents a rare and compelling investment prospect. With its meticulously crafted units, superb location, and proximity to key economic centers, it offers an attractive proposition for discerning investors seeking to capitalize on the lucrative Los Angeles real estate market. Don’t miss your chance to secure this prime asset in the heart of Palms—your gateway to a prosperous future in real estate investment.

Exclusively Listed By

Financing By

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