Multifamily
12718 Mitchell Ave
12718 Mitchell Ave, Los Angeles, CA 90066
Listing Price: $2,850,000
Investment Overview
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.
12718 Mitchell Ave
Investment Highlights
- Prime Mar Vista location with a Walkscore of 90: a Walker's Paradise where daily errands do not require a car
- Approximately a 24% potential increase in rental income following tenant turnover and unit updates
- Variety of one- and two-bedroom units
- Parking for nine cars and a three-car garage
Exclusively Listed By
Financing By
Listing Price: $2,850,000
Investment Highlights
- Prime Mar Vista location with a Walkscore of 90: a Walker's Paradise where daily errands do not require a car
- Approximately a 24% potential increase in rental income following tenant turnover and unit updates
- Variety of one- and two-bedroom units
- Parking for nine cars and a three-car garage
Investment Overview
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.
Exclusively Listed By
Financing By
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