$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… Read More 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. Read Less
Property listed by Marcus & Millichap, Benjamin Lewin 818-212-2700
Listing Snapshot
Days Online
56
Last Updated
Property Type
Other
Beds
11
Square Ft.
7,935
Lot Size
0.16 Acres
Year Built
1971
MLS Number
24465101
30 Days Snapshot Of 90066
$1,375k
-42%
(avg) sold price
1
-96%
home sold
111
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1971, Building area total: 7,935, Levels: Two, Living area: 7935, 2 stories, 1 building
Cooling
None
Garage
3 spaces
Heating
WallFurnace
Income
Gross income: $213,252, Net operating income: $145,963
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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