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$2,850,000
Est. payment /mo
11 Beds
11 Baths
7,935 SqFt
UPDATED:
12/10/2024 06:07 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,935 sqft
Price per Sqft $359
MLS Listing ID 24465101
Bedrooms 11
HOA Y/N No
Year Built 1971
Lot Size 7,100 Sqft
Property Description
$50,000 Price Reduction! 12718 Mitchell Ave is a well-maintained nine-unit apartment building situated in a prime area of Mar Vista. It is conveniently located just one block north of Washington Boulevard and three blocks west of Centinela Avenue, making it close to both Culver City and Marina Del Rey. Built in 1971, the building features a wood frame and stucco construction. The unit mix consists of seven spacious one-bedroom, one-bathroom apartments and two large two-bedroom, two-bathroom apartments. With tenant turnover and updates to modern standards, the rental income could potentially increase by approximately 24%. The property offers on-site laundry facilities, a three-car garage, three parking spaces in front, and six additional spaces in the alleyway. Please note that the mandatory soft-story earthquake retrofit has not yet been completed.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Covered, Door-Multi, Driveway, Garage
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 12
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4236020012
Special Listing Condition Standard
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Listed by Benjamin Lewin • Marcus & Millichap