12420 Greene Ave - Apartments FOR SALE


Los Angeles, CA 90066- Del Rey
$2,195,000 USD
12420 Greene Ave, Los Angeles, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/26
null | 1.08% Cap Rate

12420 Greene Ave
Los Angeles, CA 90066
Del Rey


HIGHLIGHTS

  • 138% Upside Potential: Significant opportunity for rental income growth, offering investors long-term value-add potential.
  • Attractive Price Metrics: Low price per unit and price per square foot compared to similar assets in the Westside submarket.
  • Mar Vista Location: Nestled in a highly sought-after Westside neighborhood minutes from Venice, Santa Monica, and Culver City.

OVERVIEW

2420 Greene Ave presents a compelling value-add opportunity in one of the most supply-constrained rental markets in Los Angeles. Located in the highly desirable Del Rey neighborhood, just minutes from Playa Vista and Marina del Rey, the property offers immediate income growth through straightforward interior renovations. Several units are significantly below market rents, creating a clear path to increased cash flow and long-term appreciation. This is an ideal acquisition for investors seeking strong fundamentals, walkable amenities, and access to one of LA’s most dynamic employment corridors. Properties like this—with both location and upside—rarely hit the market.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

12

PRICE/UNIT

$182,917

CAP RATE

1.08%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,601 SF

ZONING

R1

APN/PARCEL ID

4223-030-044

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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