$ 1,795,000
-
$1,795,000
Price -
8
Bed -
6
Bath -
5,040
SqFt
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About the Listing PB17996 - PWEVERETT
Presenting 12400 Mitchell Avenue, a well-located 7-unit multifamily investment in the heart of Mar Vista. This prime Westside multifamily asset is positioned at the intersection of Mitchell Avenue and Centinela, offering excellent visibility in a transit-oriented location. With an attractive and diverse unit mix of three (3) two-bedrooms and four (4) 1-bedrooms, the property is currently achieving solid rents averaging approximately $1,805 per month, with an estimated 40% rental upside from current to market. Delivered with a vacant 1-bedroom in leasable condition (projected at $2,300/month), new ownership may immediately implement a value-add strategy to capture additional income. The building has already completed the required Los Angeles Seismic Retrofit. Ideally situated in one of LA’s most desirable Westside rental submarkets, the property benefits from strong renter demand, walkability to popular dining and retail along Venice Boulevard, and close proximity to major employment hubs in Culver City, Venice, Santa Monica, West LA and Playa Vista.
Listing Highlights for 12400 Mitchell Ave
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
PW25198836
Year Built
1957
Total Square Footage
5,040
Lot/Acreage
0.11
County
Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 10
- Zoning: LACR
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Attached Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4235018001
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Listing Location
Questions About..
12400 Mitchell Ave Los Angeles, CA 90066
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