Phone: 310-729-6573
Email: martin@martinfeinberg.com

12757 MATTESON AVENUE, LOS ANGELES, CA 90066

12757 MATTESON Avenue
Los Angeles, CA 90066

$2,650,000

Number of Units: 5
Type: Multi-Unit Residential
Listing #17266874
Best existing cap rate in this part of Mar Vista + best unit mix + ample parking + two completely redone units + 32% upside in rents = Best Deal IN 90066. Close to Venice, "Silicon" Beach, & Playa Vista. Perfect for an owner-user or investor, there are 2 buildings w/ 5 total units. In front is a 4-bed/2-bath house with tandem parking for 2 cars, accessed from Matteson. The rear building features four 2-bed/1-bath units and 4 parking spaces, accessed from the alley. Two units have been immaculately redone in the rear building. The buildings are separated by a courtyard w/ a BBQ area & separate seating area. An owner can add a partition to the front house to create privacy from the back units. Many units have updates but there is opportunity to rehab the front house or add a second story to add tremendous upside in rents. The property is zoned R3, so a second story can maybe potentially be added to the front house per zoning (seller makes no warranty).
Property Features
Location Information
County: Los Angeles
MLS Area: Palms - Mar Vista
Directions: S of Venice, N of Washington Pl, E of Beethoven, W of Wade
Interior Features
Appliances: Refrigerator
Total Number of Units: 5
Exterior Features
Parking Description: Assigned
Lot Size in Acres: 0.163
Approximate Size (Sq. Ft.): 3, 844
Lot Size in Sq. Ft.: 7, 101
Zoning: LAR3
Additional Information
Property Type: RI
Year Built: 1962
APN: 4236017021
Status: Active
HOA Fee: 0
Lot Square Feet Source: Assessor
Listing Agent CA BRE #: 1299093
List Date: 2017-09-20 00:00:00.0


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Oron Maher BRC Advisors - CA BRE # shown above if in IDX data
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©2018 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 20, 2018 7:56 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.