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Listed by Everett Wong • Greysteel California, Inc.
$ 1,795,000
Est. payment /mo
New
12400 Mitchell Avenue Los Angeles, CA 90066
5,040 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $356
MLS Listing ID CRPW25198836
HOA Y/N No
Year Built 1957
Lot Size 4,899 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
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