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12747 Mitchell Ave

Los Angeles, CA 90066
  • $2,095,000
  • STATUS: Active
  • ON SITE: 150 days
  • ID#: 21-682086
UPDATED: 46 min ago
$2,095,000
  • 6
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,062
    SQFT
  • $684
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

Tremendous opportunity for development into 8-units by-right or 13-units with the City of Los Angeles Density Bonus Program or for use as-is as a long term, easy management hold asset in the desirable & ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home & four 1BR+1BA back units with no vacancies which provides great income while obtaining plans & permits for a new build. 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 & Downtown Culver City, home to the new Apple and Amazon developments & 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 & Marina Del Rey are just minutes away along with amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, & transportation nearby. OM provided upon request.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T10:42:35.213. 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.
www.trulinerealty.com/homes/113390585
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12747 Mitchell Ave Los Angeles, CA 90066

  • Price: $2,095,000
  • Status: Active
  • Updated: 46 min ago
  • ID#: 21-682086
6
Beds
0
Baths
0
½ Baths
N/A
Acres
3,062
SQFT
$684
$/SQFT
1962
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
Tremendous opportunity for development into 8-units by-right or 13-units with the City of Los Angeles Density Bonus Program or for use as-is as a long term, easy management hold asset in the desirable & ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home & four 1BR+1BA back units with no vacancies which provides great income while obtaining plans & permits for a new build. 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 & Downtown Culver City, home to the new Apple and Amazon developments & 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 & Marina Del Rey are just minutes away along with amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, & transportation nearby. OM provided upon request.
Exterior Features

Cross Streets Wade And Beethoven Direction Faces South Exterior Construction Stucco Lot Description Alley PavedFront YardGuttersLot Shape-RectangularLot-Level/FlatSidewalksSingle Lot Lot Location Alley Access Lot Size Area 7099 Other Structures None Parking Garage Uncovered Paved YN Yes Pool Description None Pool YN No Roof Asphalt Spa None Spa YN No Sprinklers Drip SystemFrontSprinkler System Style Mid-Century Tennis Court None Tennis YN No Total Parking 6 View Description None View YN No Water Frontage None

Interior Features

Bathroom Features Low Flow Toilet(S)Shower Over TubTile Baths Total 5.00 Bedroom Features Main Floor Bedroom Cooking Appliances Free Standing GasRange Cooling Ceiling Fan Equipment Ceiling FanGarbage DisposalRange/Oven Fireplace Rooms Decorative Flooring CarpetHardwood Heating Wall Gas Laundry In Kitchen Water Heater Features Central Water Heater

Property Features

ADACompliance No Alley YN Yes Amenities None Gross Income 95936 Gross Operating Income 95936 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 62783.00 Number Of Buildings 2 Number Of Units 5 Owner Pays Gardener Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGas Total Annual Expense 33153 TVServices Cable Tv Type Of Units Residential Water In StreetMeter On PropertyWater District Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Laura Klein DRE#01435968 of Kre + Associates.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T10:42:35.213. 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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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064