12717 Matteson AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90066
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,830 sqft
Price per Sqft $307
MLS Listing ID 25619125
Bedrooms 15
Year Built 1964
Lot Size 7,108 Sqft
Property Description
First time on the market in 36 years! This 9-unit property presents an incredible opportunity to add value to a very desirable asset in a premium location. Built in 1964, the structure totals 6,830 SF situated on a 7,105 SF lot. The unit mix consists of (1) 3Bed/2Bath, (2) 2Bed/2Bath, (2) 2Bed/1Bath and (4) 1Bed/1Bath units. There are 10 parking spaces. The property has been professionally managed for years and offers 60% rental upside. The Pro Forma Cap Rate is 8.77% and Pro Forma GRM is 7.35.The asking price for this asset is $2,100,000 which represents pricing indicators of 3.85% Cap Rate, 11.73 GRM, $233,333 Per Unit and $307.47 Per SF.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Attached Carport
Building
Story 2
New Construction No
Others
Special Listing Condition Standard