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$ 3,125,000
Est. payment | /mo
14 Beds
13 Baths
7,588 SqFt
$ 3,125,000
Est. payment | /mo
14 Beds
13 Baths
7,588 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,588 sqft
Price per Sqft $411
MLS Listing ID 26989483
Bedrooms 14
HOA Y/N No
Year Built 1971
Lot Size 7,104 Sqft
Property Description
We are pleased to present 12731 Mitchell Avenue, a nine unit multifamily property in a highly desirable pocket of Mar Vista, just north of Washington Boulevard and minutes from Venice, Marina del Rey and Culver City. Offered for the first time in more than 15 years, this thoughtfully owner managed property features an attractive unit mix of four two bedroom, two bath residences and five one bedroom, one bath residences. Built in 1971, the property totals approximately 7,104 square feet on an approximately 7,588 square foot lot. Long term ownership has already addressed several significant capital items, including a completed seismic retrofit and major roof improvements in 2025, while the property also benefits from predominantly copper plumbing. On site laundry provides an additional source of income beyond residential rents. Most units have been thoughtfully updated with hardwood flooring, stone countertops, open concept kitchens, tile finishes, stainless steel dishwashers, upgraded ranges and range hoods. The residences offer semi-open, flowing floor plans, while most units feature private balconies or patios, providing valuable outdoor living space. The property also offers ample gated semi subterranean parking with additional parking at the rear of the property, an important amenity in this Westside location.The location is a major part of the opportunity. With a Walk Score of 90, 12731 Mitchell Avenue is positioned between some of the Westside's most desirable lifestyle and employment centers, including Mar Vista, Venice, Marina del Rey and Culver City. The immediate neighborhood continues to attract substantial residential investment, including newer luxury multifamily development on Mitchell Avenue itself, reinforcing the continued evolution and desirability of this particular pocket.Nearby amenities include the Mar Vista Farmers Market, neighborhood dining and retail along Venice and Washington Boulevards, and the restaurants, recreation and coastal amenities of Venice and Marina del Rey. Downtown Culver City, Playa Vista and the broader Westside employment base are also nearby, while Washington Boulevard provides convenient connectivity to Downtown Culver City and the Metro E Line.With a desirable unit mix, updated interiors, private outdoor spaces, ample gated parking and significant capital improvements already completed, 12731 Mitchell Avenue offers investors a rarely available Mar Vista apartment asset with strong fundamentals, an outstanding Westside location and long term upside.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Tile, Wood
Fireplace No
Appliance Dishwasher, Gas Cooktop
Exterior
Parking Features Attached Carport, Underground
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4236019027
Security Features Security Gate,Key Card Entry
Special Listing Condition Standard
Listed by Don Favia Realty Investment Advisors, Inc. #01841258