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    12747 Mitchell Ave

    Los Angeles, CA 90066
    • $2,225,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 20-576400
    UPDATED: 11 min ago
    $2,225,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,160
      SQFT
    • $1,030
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Value is in land for development into 9 or more apartments (check with 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 beach, shopping and transportation. The property continues to increase in value because of the relatively low rents and desirable location. Property is zoned LAR-3 to a 15' alley.Sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a credit worthy buyer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T21:42:54.717. 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.corrieluxuryhomes.com/homes/105761995
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    12747 Mitchell Ave Los Angeles, CA 90066

    • Price: $2,225,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 20-576400
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,160
    SQFT
    $1,030
    $/SQFT
    1962
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    Value is in land for development into 9 or more apartments (check with 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 beach, shopping and transportation. The property continues to increase in value because of the relatively low rents and desirable location. Property is zoned LAR-3 to a 15' alley.Sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a credit worthy buyer.
    Exterior Features

    Cross Streets Wade And Beethoven Direction Faces South Entry Location Living Room Exterior Construction Stucco Levels One Lot Description Alley PavedFront YardGuttersLot Shape-RectangularLot-Level/FlatSidewalksSingle Lot Lot Size Area 7099 Other Structures None Parking Garage Uncovered Paved YN Yes Roof Asphalt Sprinklers Drip SystemFrontSprinkler System 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 None Flooring CarpetHardwood Heating Wall Gas Water Heater Features Central Water Heater

    Property Features

    ADACompliance No Alley YN Yes Association Fees Include Water And Sewer Paid Association Pet Rules Submit Pets Electric Expense 0.00 Gardener Expense 840.00 Gross Income 94076 Gross Operating Income 94076 Insurance Expense 2970.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Maintenance Expense 5000.00 Net Operating Income 55266.00 Number Of Buildings 2 Number Of Units 5 Owner Pays ElectricityGardenerWater Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Sewer In Connected And Paid Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Gas Total Annual Expense 38810 Trash Expense 2540.00 TVServices Cable Tv Type Of Units Residential Water In StreetMeter On PropertyWater District Water Expense 3460.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Lawrence Klein DRE#00792401 of Klein Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T21:42:54.717. 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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