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9 Units Well-located in Mar Vista! 12757 Caswell Ave 9 Unit Apartment Building $2,400,000 ($266,667/Unit) 5.20% Cap Rate Los Angeles, CA 90066
INVESTMENT HIGHLIGHTS
- Well-maintained, 9-unit multifamily located in the heart of the Mar Vista.
- Approximately 25%-30% upside in rents from current to market.
- Generating $203,000 Gross Annual Rents. Average Monthly Per-Unit rent of $1,883.
- Situated in a quiet residential setting with excellent access to shops and retail in Mar Vista and Marina del Rey.
EXECUTIVE SUMMARY
Don't miss 12757 Caswell Avenue - a well-maintained, 9-unit multifamily property located in the heart of Mar Vista! This 1960s-constructed property is offered at an 11.8x GRM, generating an average monthly per-unit rent of $1,883/month with approximately 25%-30% upside in rents from current to market. The diverse unit mix consists of 5 two-bedroom units, 1 one-bedroom unit and 3 Bachelor units. 12757 Caswell is well-situated near the intersection of Venice Boulevard and Centinela Avenue with easy access to Venice Beach, Marina del Rey, Playa Vista, Culver City, as well as the 90 and 10 freeways. With an excellent 90/100 Walk Score, 12757 Caswell Avenue is well-positioned as a walkable and transit-friendly multifamily investment located in the heart of one of the Westside’s most desirable rental submarkets.
PROPERTY FACTS
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $266,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.20% | Building Size | 6,026 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Zoning | R3-1, City of L.A. | ||
| Price | $2,400,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,026 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R3-1, City of L.A. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
| 1+1 | 1 | - | - |
| Studios | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 4236-018-022 | Improvements Assessment | $960,365 |
| Land Assessment | $391,861 | Total Assessment | $1,352,226 |
PROPERTY TAXES
Parcel Number
4236-018-022
Land Assessment
$391,861
Improvements Assessment
$960,365
Total Assessment
$1,352,226
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9 Units Well-located in Mar Vista! | 12757 Caswell Ave
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