$2,850,000
For Sale

12718 Mitchell Avenue

Los Angeles, CA 90066
7935 sqft | 11 beds | 0.16 acres | #24465101
Listing OfficeMarcus & Millichap
Browse 8 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Property Details
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$2,900,000
      • MLS #24465101
      • MLS #24465101
      • Cost2850000
      • Acres0.163
      • Square Feet7935
      • Year Built1971
      • Bedrooms11
      • Parking Spaces3

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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