12718 Mitchell Avenue

Los Angeles, CA 90066

$2,850,000
Price
11
Beds
11
Baths
7,935 Sq. Ft.
$359 / Sq. Ft.
7,935
Sq. Ft.
$359
per Sq. Ft.

Description

$50,000 Price Reduction! 12718 Mitchell Ave is a well-maintained nine-unit apartment building situated in a prime area of Mar Vista. It is conveniently located just one block north of Washington Boulevard and three blocks west of Centinela Avenue, making it close to both Culver City and Marina Del Rey. Built in 1971, the building features a wood frame and stucco construction. The unit mix consists of seven spacious one-bedroom, one-bathroom apartments and two large two-bedroom, two-bathroom apartments....$50,000 Price Reduction! 12718 Mitchell Ave is a well-maintained nine-unit apartment building situated in a prime area of Mar Vista. It is conveniently located just one block north of Washington Boulevard and three blocks west of Centinela Avenue, making it close to both Culver City and Marina Del Rey. Built in 1971, the building features a wood frame and stucco construction. The unit mix consists of seven spacious one-bedroom, one-bathroom apartments and two large two-bedroom, two-bathroom apartments. With tenant turnover and updates to modern standards, the rental income could potentially increase by approximately 24%. The property offers on-site laundry facilities, a three-car garage, three parking spaces in front, and six additional spaces in the alleyway. Please note that the mandatory soft-story earthquake retrofit has not yet been completed.
  1. Listed by Benjamin Lewin • DRE #02040686 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 12718 Mitchell Avenue

Zoning
LAR3
Parcel Number
4236020012
Total Units
9.0
Living Area
7935
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
0
Lot Size Area
7101
LISTING UPDATED: 12/10/2024 09:43 AM

Property Details for 12718 Mitchell Avenue

StatusActive
MLS #24-465101
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.16 AC / 7,101 SF
CountyLos Angeles County

Building Information for 12718 Mitchell Avenue

Stories-Residences-Year Built1971Building Size-Lot Size0.16 AC / 7,101 SF

Property Information for 12718 Mitchell Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 9
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $208,654
  • Net Operating Income: $145,963.00
  • Gross Income: $213,252
  • Cap Rate: 5.12%
  • Gross Rent Multiplier: $13.36
  • Vacancy Allow Dollar: $6,398.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 62691
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.163
  • Lot Size Square Feet: 7101
Parking Details
Parking Details
  • Parking Garage: Driveway, Covered Parking, Garage - 3 Car
  • Total Parking: 12
  • Covered Parking: 6
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 3
  • Parking Features: Driveway, Covered, Garage - Three Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,060.00
  • Unit Actual Rent: $3,060.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,982.00
  • Unit Actual Rent: $1,982.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,568.00
  • Unit Actual Rent: $1,568.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,279.00
  • Unit Actual Rent: $1,279.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,804.00
  • Unit Actual Rent: $2,804.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,626.00
  • Unit Actual Rent: $1,626.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,102.00
  • Unit Actual Rent: $2,102.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $493,211.00
  • Assessed Improvement Percent: 16.67
  • Assessed Land Value: $2,466,064.00
  • Assessed Land Percent: 83.33
  • Assessed Total Value: $2,959,275.00

Property History for 12718 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 12718 Mitchell Avenue

Taxable ValueLand$2,515,385Additions$503,075Total$3,018,460
Tax Record2024$37,538 ($3,128 / month)
Home Facts
Total Finished SqFt7,935 SqFtAbove Grade Finished SqFt7,935 SqFtLot Size7,099 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningLAR3CountyLOS ANGELESAPN4236-020-012

Schools near 12718 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 - 6 to 12
Rating
School
Distance
Grand View Boulevard Elementary School
PublicK to 5

Venice Senior High 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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12718 Mitchell Avenue is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on November 19, 2024 by Marcus & Millichap, it's currently listed at $2,850,000. It has been on the market for a total of 33 days and was last sold on December 19, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Grand View Boulevard Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 12718 Mitchell Avenue is a 11-bed, 11-bath, 7,935 sqft multi-family home built in 1971.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686

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.