12707 Mitchell Avenue
12707 Mitchell Avenue
$4,055,000
15
16
11,356
11,356
$357
Sold 3/22/21
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Description
13-unit (12+B/GR) Multifamily Income Property currently generating strong income for the popular westside Los Angeles neighborhood of Mar Vista. Significant to investors, is the ultra-low area price of $374/SF & $327K/Unit. Currently the income property earns in excess of $282k annually, with an NOI of over $166k, the GRM is 15.04, and the In-place Cap rate is 3.92%. Twin Tower attracts quality tenants in a top rental pocket, with an excellent track record of low vacancy. Located between popular...13-unit (12+B/GR) Multifamily Income Property currently generating strong income for the popular westside Los Angeles neighborhood of Mar Vista. Significant to investors, is the ultra-low area price of $374/SF & $327K/Unit. Currently the income property earns in excess of $282k annually, with an NOI of over $166k, the GRM is 15.04, and the In-place Cap rate is 3.92%. Twin Tower attracts quality tenants in a top rental pocket, with an excellent track record of low vacancy. Located between popular Culver City, home to large new Apple and Amazon developments, and Silicon Beach which has attracted an estimated 500 tech companies, ranging from startups to established tech giants. Major technology companies that have opened offices in the region include Google, Facebook, Amazon, Apple, Netflix, Yahoo! , YouTube, Nike, BuzzFeed, Electronic Arts & Sony. Only one side requires tuck under seismic retrofit, $33K bid.
- Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • Keller Williams-Santa Monica
Property Details for 12707 Mitchell Avenue
Zoning
LAR3
Parcel Number4236019034
Total Units13.0
Living Area11356
Source Living AreaAssessor
AreaPalms - Mar Vista (C13)
Vacancy Rate15%
Lot Size Area9847
Location
LISTING UPDATED: 03/24/2021 10:10 AM
Property Details for 12707 Mitchell Avenue
Status | Sold |
---|---|
MLS # | 20-636062 |
Days on Market | 181 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1969 |
Lot Size | 0.23 AC / 9,847 SF |
County | Los Angeles County |
Location
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Building Information for 12707 Mitchell Avenue
Stories2Residences-Year Built1969Building Size-Lot Size0.23 AC / 9,847 SF
Payment Calculator
$26,495 per month
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Property Information for 12707 Mitchell Avenue
Property History for 12707 Mitchell Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12707 Mitchell Avenue
Taxable ValueLand$3,375,057Additions$843,764Total$4,218,821
Tax Record2023$52,378 ($4,365 / month)
Home Facts
Total Finished SqFt11,356 SqFtAbove Grade Finished SqFt11,356 SqFtLot Size9,847 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningLAR3CountyLOS ANGELESAPN4236-019-034
Schools near 12707 Mitchell Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Grand View Boulevard Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Phoenix Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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