Listing provided courtesy of Benjamin Lewin of Marcus & Millichap. Last updated 2024-11-21 09:12:51.000000. Listing information © 2024 Sandicor.
Asking Price: $2,900,000 |
12718 Mitchell, Los Angeles CA 90066
Community: C13 - Palms - Mar Vista
This property was built in 1971 and is priced at $2,900,000. Please see the additional details below.
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.