12717 Matteson Ave, Los Angeles, CA 90066
- $2,100,000
- 15
- BD
- 14
- BA
- 6,830
- SqFt
- List Price
- $2,100,000
- MLS#
- 26855837
- Year Built
- 1964
- Bedrooms
- 15
- Bathrooms
- 14
- Living Sq. Ft
- 6,830
- Lot Size
- 7,107
- Days on Market
- 16
- Property Type
- Multifamily
- Style
- Mid-Century
- Stories
- 2
Property Description
This 9 unit gem is in the very desirable Mar Vista neighborhood. The family has owned this property since 1989 and is retiring from the business. It has a desirable unit mix consisting of (1) 3br/2ba (to be delivered vacant); (2) 2BR/2BA;(2) 2br/1ba: and (4) 1br/1ba units. There is 44% rental upside and with current cap of 4.89% and pro-forma cap of 8.39%, the path to profitability is clear. The property is well maintained with recently rebuilt deck, railing & stairs, 2 re-habbed units and an Environmental clearance report issued in May 2026. The Seismic retrofit has been completed. There are 7 on-site parking spaces and storage units for the tenants.
Additional Information
- Other Buildings
- None
- Heat
- Natural Gas
- Cooling
- None
- Number of Cars in Garage
- Carport Attached, Assigned
Mortgage Calculator
Courtesy of Lyon Stahl Investment Real Estate, Inc., Keith Moret - CA DRE#01802527
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