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12747 Mitchell Ave, Los Angeles, CA 90066
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12747 Mitchell Ave Los Angeles, CA 90066

$1,800,000 Sold Price as of 12/21/2022
  • 6 Beds
  • 5 Baths
  • 3,062 Sq.Ft.
Sold
$1,800,000 Sold Price as of 12/21/2022 Refinance Your Mortgage
Map preview of 12747 Mitchell Ave, Los Angeles, CA 90066

Property Overview: 12747 Mitchell Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,062 living square feet and 7,099 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Tremendous opportunity for re-development or for use as-is as a long term, easy management hold asset in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home and four 1BR+1BA back units with no vacancies. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot and is perfectly situated between burgeoning LA tech hubs of Silicon Beach and Downtown Culver City, home to the new Apple and Amazon developments and major technology companies such as Google, Facebook, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts, and Sony. With an 85 Walk Score/ 72 Bike Score, Venice Beach and Marina Del Rey are just minutes away along with amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, transportation nearby. All or a portion of the wall on the west side of the property may not be exactly on the property line. Seller recommends that the buyer obtain a professional survey as part of its due diligence. OM is available in the Documents link.

Listed by Laura Klein | BRE #01435968 | KRE + Associates
Last checked: 1 minute ago | Last updated: January 1st, 2023 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,099
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22216415
City
Los Angeles
County
Los Angeles
Time on Site
549 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,035
  • Total Rent: $1,035
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,211
  • Total Rent: $1,211
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,016
  • Total Rent: $1,016
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,255
  • Total Rent: $3,255
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.4%
  • Gross Rent Multiplier: 18.9
  • Gross Scheduled Income: --
  • Net Operating Income: $63,824
  • Gross Operating Income: $95,936
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12747 Mitchell Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Disposal, Range
Interior Features
  • Ceiling Fan(s)
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Features: Front Yard, Rectangular Lot
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 4236019024
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: North of Washington Blvd, South of Venice Blvd, West of Wade, and East of Beethoven
View more facts & features

Local Los Angeles Agent

Sale History for 12747 Mitchell Ave

Last sold for $1,800,000 on December 21st, 2022

  • December, 2022

  • Dec 21, 2022

    Date

    Sold

    CRMLS: 22216415

    $1,800,000

    Price

  • Nov 1, 2022

    Date

    Active

    CRMLS: 22216415

    $1,900,000

    Price

  • September, 2021

  • Sep 16, 2021

    Date

    Active Under Contract

    CRMLS: 21682142

    $2,095,000

    Price

  • May 5, 2021

    Date

    Price Change

    CRMLS: 21682142

    $2,095,000

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: 21682142

    $2,195,000

    Price

  • Listing provided courtesy of CRMLS

    Tremendous development opportunity of 8-units by-right or 13-units with the City of LA Density Bonus Program in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home and four 1BR+1BA back units which provides great income while obtaining plans and permits for a new build. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot, and is perfectly situated between burgeoning LA tech hubs of Silicon Beach and Downtown Culver City, home to the new Apple and Amazon developments and major technology companies such as Google, Facebook, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts, and Sony. With an 85 Walk Score/ 72 Bike Score, Venice Beach and Marina Del Rey are just minutes away along with amazing local area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, and transportation nearby. All or a portion of the wall on the west side of the property may not be exactly on the property line. Seller recommends that the buyer obtain a professional survey as part of its due diligence. OM is available in the Documents link.

  • September, 2021

  • Sep 16, 2021

    Date

    Active Under Contract

    CRMLS: 21682086

    $2,095,000

    Price

  • May 5, 2021

    Date

    Price Change

    CRMLS: 21682086

    $2,095,000

    Price

  • Jan 19, 2021

    Date

    Active

    CRMLS: 21682086

    $2,195,000

    Price

  • Listing provided courtesy of CRMLS

    Tremendous opportunity for development into 8-units by-right or 13-units with the City of Los Angeles Density Bonus Program or for use as-is as a long term, easy management hold asset in the desirable & ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home & four 1BR+1BA back units with no vacancies which provides great income while obtaining plans & permits for a new build. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot and is perfectly situated between burgeoning LA tech hubs of Silicon Beach & Downtown Culver City, home to the new Apple and Amazon developments & major technology companies such as Google, Facebook, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts, and Sony. With an 85 Walk Score/ 72 Bike Score, Venice Beach & Marina Del Rey are just minutes away along with amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, & transportation nearby. All or a portion of the wall on the west side of the property may not be exactly on the property line. Seller recommends that the buyer obtain a professional survey as part of its due diligence. OM is available in the Documents link.

  • January, 2021

  • Jan 19, 2021

    Date

    Canceled

    CRMLS: 20628992

    $2,225,000

    Price

  • Sep 8, 2020

    Date

    Active

    CRMLS: 20628992

    $2,225,000

    Price

  • Listing provided courtesy of CRMLS

    Tremendous opportunity for development into 8-units by-right or 13-units with the City of Los Angeles Density Bonus Program or for use as-is as a long term, easy management hold asset in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single family home and four 1BR+1BA back units. Zoning is LAR-3-1 to a 15' alley on a 7,100 sq ft lot, with no vacancies, and a 85 Walk Score/ 72 Bike Score. Enjoy beach living with Venice Beach and Marina Del Rey just minutes away and all of the amazing area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, and transportation. Additionally, it is perfectly situated between the burgeoning Los Angeles tech hubs of Silicon Beach and Downtown Culver City, home to large new Apple and Amazon developments and major technology companies such as Google, Facebook, Amazon, Apple, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts and Sony.

  • November, 2020

  • Nov 4, 2020

    Date

    Expired

    CRMLS: 20576400

    $2,225,000

    Price

  • Aug 27, 2020

    Date

    Withdrawn

    CRMLS: 20576400

    $2,225,000

    Price

  • Jun 24, 2020

    Date

    Price Change

    CRMLS: 20576400

    $2,225,000

    Price

  • May 5, 2020

    Date

    Active

    CRMLS: 20576400

    $2,275,000

    Price

  • Listing provided courtesy of CRMLS

    Value is in land for development into 9 or more apartments (check with City of Los Angeles) or as a long term easy management hold asset. Five unit property consists of one 2 BR house and four 1 BR units. No vacancies and well located with easy access to beach, shopping and transportation. The property continues to increase in value because of the relatively low rents and desirable location. Property is zoned LAR-3 to a 15' alley.Sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a credit worthy buyer.

  • December, 2019

  • Dec 19, 2019

    Date

    Expired

    CRMLS: 19479846

    $2,250,000

    Price

  • Jun 19, 2019

    Date

    Active

    CRMLS: 19479846

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    Value is in land for development into 9 or more apartments (check with City of Los Angeles) or as a long term easy management hold asset. Five unit property consisting of one 2 BR house and four 1 BR units. No vacancies and well located with easy access to beach, shopping, and transportation. The property continues to increase in value because of the relatively low rents and desirable location.Property is zoned LAR-3 to a 15' alley. Sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a credit worthy buyer

  • December, 2018

  • Dec 8, 2018

    Date

    Expired

    CRMLS: 18331148

    $2,075,000

    Price

  • Oct 21, 2018

    Date

    Withdrawn

    CRMLS: 18331148

    $2,075,000

    Price

  • Jun 14, 2018

    Date

    Price Change

    CRMLS: 18331148

    $2,075,000

    Price

  • Apr 8, 2018

    Date

    Active

    CRMLS: 18331148

    $2,095,000

    Price

  • Listing provided courtesy of CRMLS

    Five unit property consisting of one 2 BR house and four 1 BR units. No vacancies and well located with easy access to the beach, shopping and transportation. Easy to manage as is and hold for continued appreciation or develop now into apartments or condominiums. The property continues to increase in value because of the relatively low rents and desirable location.

  • August, 2010

  • Aug 16, 2010

    Date

    Sold (Public Records)

    Public Records

    $720,007

    Price

Show More

Tax History for 12747 Mitchell Ave

Assessed Value (2020): $843,456
Year Land Value Improved Value Assessed Value
2020 $503,732 $339,724 $843,456

Home Value Compared to the Market

This property vs the competition

12747 Mitchell Ave sold on December 21, 2022 for 59.66% 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 $620.51 per/sqft which puts the price per square foot 17.81% lower than the current median sale per square foot for the city of Los Angeles.

About 12747 Mitchell Ave

Detailed summary of property

12747 Mitchell Ave is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,062 living square feet, and sits on an approximately 7,099 square foot lot. 12747 Mitchell Ave was first listed on ArdentRealEstateGroup.com on November 8, 2022. The homeowner sold the property for $1,800,000. 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 59.66% higher than the current median priced home. Local homes that are currently for sale include 8664 Cadillac Ave, 5869 Dauphin Ave and 8607 Airdrome St. While the average home in Los Angeles, CA is selling in 93 days, 12747 Mitchell Ave has a days on market of 41 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 12747 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 12747 Mitchell Ave

Public county record property details
Beds
6
Baths
5
Year built
1962
Sq. Ft.
3,062
Lot Size
7,099
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
188
APN
4236-019-024

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.
$1,009
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
113
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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(714) 706-1823

Homes for Sale Near 12747 Mitchell Ave

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Recently Sold Homes Near 12747 Mitchell Ave

12726 Caswell Ave, Los Angeles, CA 90066
$2,850,000 Last Sold Price
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12707 Mitchell Ave, Los Angeles, CA 90066
$4,055,000 Last Sold Price
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3989 Meier St, Los Angeles, CA 90066
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12630 Caswell Ave, Los Angeles, CA 90066
$3,495,000 Last Sold Price
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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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