12718 Mitchell Avenue

    Los Angeles (City), CA 90066
    • $3,100,000
    • STATUS: Active
    • ON SITE: 125 days
    • ID#: PW18138437
    UPDATED: 26 min ago
    $3,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,935
      SQFT
    • $391
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    A core 9-unit value-add multifamily investment opportunity with approximately 45% upside in rents. Located in the heart of Mar Vista just one block from Washington Boulevard and walking distance to an array of fine dining in the immediate area. The property is well-maintained with long-term pride of ownership.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-15T14:29:49.507. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84503686

    12718 Mitchell Avenue Los Angeles (City), CA 90066

    • Price: $3,100,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: PW18138437
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,935
    SQFT
    $391
    $/SQFT
    1971
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    A core 9-unit value-add multifamily investment opportunity with approximately 45% upside in rents. Located in the heart of Mar Vista just one block from Washington Boulevard and walking distance to an array of fine dining in the immediate area. The property is well-maintained with long-term pride of ownership.
    Exterior Features

    Garage Spaces 4.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 7 Average1 Bed Area Units Square Feet Average2 Bed Area 2 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 4200.00 Elevation Units Feet Fuel Expense 6000.00 Gross Income 151931.00 Gross Scheduled Income 155640.00 Insurance Expense 3393.00 Land Lease YN No Laundry YN Yes Net Operating Income 92525.00 New Taxes Expense 40563.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 64806.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 155640.00 Total Expenses 64806.00 Trash Expense 5400.00 Water Sewer Expense 4200.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Anthony Johnston of Greysteel and Everett Wong of Greysteel.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-15T14:29:49.507. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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