$2,225,000

12747 Mitchell Avenue

Los Angeles CA, 90066

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 and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single family home and four 1BR+1BA back units. Zoning is LAR-3-1 to a 15' alley on a 7,100 sq ft lot, with no vacancies, and a 85 Walk Score/ 72 Bike Score. Enjoy beach living with Venice Beach and Marina Del Rey just minutes away and all of the amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, and transportation. Additionally, it is perfectly situated between the burgeoning Los Angeles tech hubs of Silicon Beach and Downtown Culver City, home to large new Apple and Amazon developments and major technology companies such as Google, Facebook, Amazon, Apple, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts and Sony.

Details

MLS#20628992
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1962
Days On Site130

Features

SQ Feet3,062
Story(s)2
Water FrontNo
Property ViewNo
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Area Information
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90066
AreaC13 - Palms - Mar Vista
Listing VS Median (in 90066)
Price:
$2,225,000
low | high
Med:
$1,210,000
95.61797752809% of Average
SqFt:
3,062
low | high
Med:
1,319
100% of Average
$ / SqFt:
$727
low | high
Med:
$917
23.754546771047% of Average
On Site:
130
low | high
Med:
1
100% of Average
Listing Updated: January 15, 2021 1:51:00 AM PST
Laura Klein LogoMLS Number: 20628992
Listing Provided By:
Laura Klein  of  KRE + Associates
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