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12718 Mitchell Ave 9 Unit Apartment Building $2,725,000 ($302,778/Unit) 5.39% Cap Rate Los Angeles, CA 90066
Investment Highlights
- Beautifully maintained 9 unit apartment building situated in a Prime Mar Vista location.
- Significant upside potential - several units are rented at below market rates.
- Highly desirable Westside Los Angeles location near Silicon Beach and Culver City employment centers.
- Excellent mix of units consisting of Seven 1 Bedroom + 1 Bath Units and Two 2 Bedroom + 2 Bath Units.
- Just a short distance to Washington Boulevard & Venice Blvd. dining, retail, and lifestyle amenities.
Executive Summary
This beautifully maintained 9 unit apartment building is located in the highly desirable Mar Vista neighborhood of West Los Angeles. Situated on a 7,099-square-foot lot, the property offers an attractive unit mix, efficient layout, and an appealing residential setting. The building features seven one-bedroom, one-bathroom units and two two-bedroom, two-bathroom units. The spacious floor plans appeal to a broad tenant base and have supported strong occupancy over time. Some units feature private balconies or patios, stainless steel appliances, and hardwood flooring that enhance the overall living experience. Ideally located near Venice, Marina del Rey, Playa Vista, Culver City, and Santa Monica, the property provides immediate access to some of Southern California's most prominent employment centers, shopping destinations, restaurants, and entertainment venues. 12718 Mitchell Avenue presents investors with the opportunity to acquire a quality apartment asset in one of Los Angeles' most coveted rental markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $302,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.39% | Building Size | 7,935 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Zoning | LAR3 - Residential | ||
| Price | $2,725,000 |
| Price Per Unit | $302,778 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,935 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | LAR3 - Residential |
Amenities
Unit Amenities
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,886 | - |
| 2+2 | 2 | $3,105 | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4236-020-012 | Improvements Assessment | $513,136 |
| Land Assessment | $2,565,692 | Total Assessment | $3,078,828 |
Property Taxes
Parcel Number
4236-020-012
Land Assessment
$2,565,692
Improvements Assessment
$513,136
Total Assessment
$3,078,828
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12718 Mitchell Ave
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