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    12747 Mitchell Avenue

    Los Angeles (City), CA 90066
    • $2,225,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: 20628992
    UPDATED: 60 min ago
    $2,225,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Value is in the land for development into 9 or more apartments (check with the City of Los Angeles) or as a long term, easy management hold asset. Five unit property consists of one 2 BR house and four 1 BR units. No vacancies and well located with easy access to the beach, shopping, and transportation. The property continues to increase in value because of the relatively low rents and desirable location. The property is zoned LAR-3 to a 15' alley. The sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a creditworthy buyer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T23:27:50.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109800880
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    12747 Mitchell Avenue Los Angeles (City), CA 90066

    • Price: $2,225,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 20628992
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1962
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Value is in the land for development into 9 or more apartments (check with the City of Los Angeles) or as a long term, easy management hold asset. Five unit property consists of one 2 BR house and four 1 BR units. No vacancies and well located with easy access to the beach, shopping, and transportation. The property continues to increase in value because of the relatively low rents and desirable location. The property is zoned LAR-3 to a 15' alley. The sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a creditworthy buyer.
    Exterior Features

    Construction Materials Stucco Direction Faces South Lot Features Front YardRectangular Lot Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DisposalRange Appliances YN Yes Fireplace Features None Fireplace YN No Flooring CarpetWood Levels One

    Property Features

    Additional Parcels YN No Gross Income 94076.00 Gross Multiplier 23.65 Gross Operating Income 94076.00 Land Lease YN No Net Operating Income 63052.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number With Carpet 5 Number With Patio 1 Number With Range 5 Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricityCable Tv Total Actual Rent 94076.00 Total Expenses 31024.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of Lawrence Klein of Klein Real Estate and Laura Klein of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T23:27:50.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003