12747 Mitchell Avenue

Los Angeles, CA 90066

$1,800,000
Last Sold Price
6
Beds
5
Baths
3,062 Sq. Ft.
$588 / Sq. Ft.
3,062
Sq. Ft.
$588
per Sq. Ft.

Description

Tremendous opportunity for re-development or for use as-is as a long term, easy management hold asset in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home and four 1BR+1BA back units with no vacancies. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot and is perfectly situated between burgeoning LA tech hubs of Silicon Beach and Downtown Culver City, home to the new Apple and Amazon developments and major technology...Tremendous opportunity for re-development or for use as-is as a long term, easy management hold asset in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home and four 1BR+1BA back units with no vacancies. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot and is perfectly situated between burgeoning LA tech hubs of Silicon Beach and Downtown Culver City, home to the new Apple and Amazon developments and major technology companies such as Google, Facebook, Netflix, Yahoo! , YouTube, Nike, BuzzFeed, Electronic Arts, and Sony. With an 85 Walk Score/ 72 Bike Score, Venice Beach and Marina Del Rey are just minutes away along with amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, transportation nearby. All or a portion of the wall on the west side of the property may not be exactly on the property line. Seller recommends that the buyer obtain a professional survey as part of its due diligence. OM is available in the Documents link.
  1. Listed by Laura Klein • DRE #01435968 • Brokerage DRE #01435968 • KRE + Associates

Property Details for 12747 Mitchell Avenue

Water Front
None
Zoning
LAR3
Style
Mid-Century
Cross Streets
Wade and Beethoven
Parcel Number
4236019024
Total Units
5.0
Living Area
3062
Source Living Area
Assessor

Location

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968

Sold By KRE + Associates, Laura Klein, DRE #01435968

Add your commute
LISTING UPDATED: 12/21/2022 03:06 PM

Property Details for 12747 Mitchell Avenue

StatusSold
MLS #22-216415
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.16 AC / 7,099 SF
CountyLos Angeles County

Location

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968

Sold By KRE + Associates, Laura Klein, DRE #01435968

Add your commute

Building Information for 12747 Mitchell Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.16 AC / 7,099 SF

Payment Calculator

$11,696 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,873

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12747 Mitchell Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: South
  • Water: In Street, Meter on Property, Water District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater
  • Water District: DWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To Existing Loan, Cash To New Loan
  • Disclosures: As Is, LA/Owner Related
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $95,936
  • Net Operating Income: $63,824.04
  • Gross Income: $95,936
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $18.90
  • Actual Annual Gross Rent: $100,404.36
  • Actual Gross Annual Income: $100,404
  • Actual Rent Total: $100,404.36
  • Financial Info as Of: 09/22/2022
  • Vacancy Allow Percent: .00%
  • Owner Pays: Gardener
  • Total Annual Expense: 36580.32
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Size Square Feet: 7099
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Description: Alley Paved, Front Yard, Gutters, Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Single Lot
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Flooring: Carpet, Hardwood
  • Equipment: Ceiling Fan, Garbage Disposal, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Room Bathroom Features: Low Flow Toilet(s), Tile Counters
  • Bathroom Features: Low Flow Toilet(s), Shower Over Tub, Tile
  • Bedroom Features: Main Floor Bedroom
  • Cooking Appliances: Free Standing Gas, Range
  • Laundry: In Kitchen
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt
  • Sprinklers: Drip System, Front, Sprinkler System
  • New Construction: No
  • Construction: Wood frame
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-07-2022
  • Listing Terms: Assumable, Cash, Cash To Existing Loan, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,255.00
  • Unit Actual Rent: $3,255.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,211.00
  • Unit Actual Rent: $1,211.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,035.00
  • Unit Actual Rent: $1,035.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,016.00
  • Unit Actual Rent: $1,016.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $320,131.00
  • Assessed Land Value: $474,679.00
  • Private Transfer Taxes: Yes

Property History for 12747 Mitchell Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12747 Mitchell Avenue

Taxable ValueLand$1,000,000Additions$800,000Total$1,800,000
Tax Record2023$22,470 ($1,873 / month)
Home Facts
Total Finished SqFt3,062 SqFtAbove Grade Finished SqFt3,062 SqFtLot Size7,099 SqFtStyleQuadraplexYear Built1962ZoningLAR3CountyLOS ANGELESAPN4236-019-024

Schools near 12747 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.