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12707 Mitchell Ave, Los Angeles, CA 90066
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12707 Mitchell Ave Los Angeles, CA 90066

$4,055,000 Sold Price as of 03/22/2021
  • 15 Beds
  • 16 Baths
  • 11,356 Sq.Ft.
Sold
$4,055,000 Sold Price as of 03/22/2021 Refinance Your Mortgage
Map preview of 12707 Mitchell Ave, Los Angeles, CA 90066

Property Overview: 12707 Mitchell Ave Los Angeles, CA has 15 bedrooms, 16 bathrooms, 11,356 living square feet and 9,847 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 13-unit (12+B/GR) Multifamily Income Property currently generating strong income for the popular westside Los Angeles neighborhood of Mar Vista. Significant to investors, is the ultra-low area price of $374/SF & $327K/Unit. Currently the income property earns in excess of $282k annually, with an NOI of over $166k, the GRM is 15.04, and the In-place Cap rate is 3.92%. Twin Tower attracts quality tenants in a top rental pocket, with an excellent track record of low vacancy. Located between popular Culver City, home to large new Apple and Amazon developments, and Silicon Beach which has attracted an estimated 500 tech companies, ranging from startups to established tech giants. Major technology companies that have opened offices in the region include Google, Facebook, Amazon, Apple, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts & Sony. Only one side requires tuck under seismic retrofit, $33K bid.

Listed by Kelly Morgan | BRE #01898026 | Keller Williams-Santa Monica
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 157

Home details

Lot Sq. Ft
9,847
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20636062
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,049
  • Total Rent: $1,049
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,614
  • Total Rent: $14,530
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,605
  • Total Rent: $7,815
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.04
  • Gross Scheduled Income: --
  • Net Operating Income: $166,648
  • Gross Operating Income: $274,078
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 12707 Mitchell Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 13
  • Parcel Number: 4236019034
Location / Neighborhood
Location Information
  • Directions: North of Washington Pl., East of Beethoven, West of Centinela in Mar Vista
View more facts & features

Local Los Angeles Agent

Sale History for 12707 Mitchell Ave

Last sold for $4,055,000 on March 22nd, 2021

  • March, 2021

  • Mar 24, 2021

    Date

    Sold

    CRMLS: 20636062

    $4,055,000

    Price

  • Feb 27, 2021

    Date

    Active Under Contract

    CRMLS: 20636062

    $4,250,000

    Price

  • Sep 22, 2020

    Date

    Active

    CRMLS: 20636062

    $4,250,000

    Price

Tax History for 12707 Mitchell Ave

Assessed Value (2020): $2,967,132
Year Land Value Improved Value Assessed Value
2020 $1,978,089 $989,043 $2,967,132

Home Value Compared to the Market

This property vs the competition

12707 Mitchell Ave sold on March 22, 2021 for 257.14% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $374.25 per/sqft which puts the price per square foot 50.43% lower than the current median sale per square foot for the city of Los Angeles.

About 12707 Mitchell Ave

Detailed summary of property

12707 Mitchell Ave is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 15 bedrooms, 16 bathrooms, roughly 11,356 living square feet, and sits on an approximately 9,847 square foot lot. 12707 Mitchell Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $4,055,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 257.14% higher than the current median priced home. Local homes that are currently for sale include 9240 W National Blvd, 3126 S Canfield Ave and 1256 S Westgate Ave. While the average home in Los Angeles, CA is selling in 92 days, 12707 Mitchell Ave has a days on market of 157 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 12707 Mitchell Ave Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12707 Mitchell Ave

Public county record property details
Beds
15
Baths
16
Year built
1969
Sq. Ft.
11,356
Lot Size
9,846
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
196
APN
4236-019-034

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
116
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

Thinking of Selling?

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Recently Sold Homes Near 12707 Mitchell Ave

12625 Mitchell Ave, Los Angeles, CA 90066
$2,300,000 Last Sold Price
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11 Baths
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12630 Caswell Ave, Los Angeles, CA 90066
$3,495,000 Last Sold Price
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12630 Caswell Ave
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12726 Caswell Ave, Los Angeles, CA 90066
$2,850,000 Last Sold Price
14 Beds
12 Baths
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12726 Caswell Ave
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12747 Mitchell Ave, Los Angeles, CA 90066
$1,800,000 Last Sold Price
6 Beds
5 Baths
3062 Sq.Ft.
12747 Mitchell Ave
Los Angeles, CA 90066

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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