12718 Mitchell Ave - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$2,725,000 USD
310-871-3933
12718 Mitchell Ave, Los Angeles, CA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/10
null | 5.39% Cap Rate

12718 Mitchell Ave
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Beautifully maintained 9 unit apartment building situated in a Prime Mar Vista location.
  • Excellent mix of units consisting of Seven 1 Bedroom + 1 Bath Units and Two 2 Bedroom + 2 Bath Units.
  • Significant upside potential - several units are rented at below market rates.
  • Just a short distance to Washington Boulevard & Venice Blvd. dining, retail, and lifestyle amenities.
  • Highly desirable Westside Los Angeles location near Silicon Beach and Culver City employment centers.

OVERVIEW

This beautifully maintained 9 unit apartment building is located in the highly desirable Mar Vista neighborhood of West Los Angeles. Situated on a 7,099-square-foot lot, the property offers an attractive unit mix, efficient layout, and an appealing residential setting. The building features seven one-bedroom, one-bathroom units and two two-bedroom, two-bathroom units. The spacious floor plans appeal to a broad tenant base and have supported strong occupancy over time. Some units feature private balconies or patios, stainless steel appliances, and hardwood flooring that enhance the overall living experience. Ideally located near Venice, Marina del Rey, Playa Vista, Culver City, and Santa Monica, the property provides immediate access to some of Southern California's most prominent employment centers, shopping destinations, restaurants, and entertainment venues. 12718 Mitchell Avenue presents investors with the opportunity to acquire a quality apartment asset in one of Los Angeles' most coveted rental markets.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

9

PRICE/UNIT

$302,778

CAP RATE

5.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,096 SF

ZONING

LAR3

APN/PARCEL ID

4236-020-012

ASK ABOUT THIS PROPERTY

Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

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Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.