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12757 Matteson Ave, Los Angeles, CA 90066

$2,650,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
12757 Matteson Ave, Los Angeles, CA 90066View this property at 12757 Matteson Ave, Los Angeles, CA 90066
12757 Matteson AveLos AngelesCA90066

Property Description

Best existing cap rate in this part of Mar Vista + best unit mix + ample parking + two completely redone units + 32% upside in rents = Best Deal in 90066. Close to Venice, "Silicon" Beach, & Playa Vista. Perfect for an owner-user or investor, there are 2 buildings w/ 5 total units. In front is a 4-bed/2-bath house with tandem parking for 2 cars, accessed from Matteson. The rear building features four 2-bed/1-bath units and 4 parking spaces, accessed from the alley. Two units have been immaculately redone in the rear building. The buildings are separated by a courtyard w/ a BBQ area & separate seating area. An owner can add a partition to the front house to create privacy from the back units. Many units have updates but there is
opportunity to rehab the front house or add a second story to add tremendous upside in rents. The property is zoned R3, so a second story can maybe potentially be added to the front house per zoning (seller makes no warranty).

Full Property Details for 12757 Matteson Ave

General

  • Price: $2,650,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 17-266874
  • Updated: 2/12/2018
  • Added: 150 day(s) ago

Property History

  • 12757 Matteson Ave, Los Angeles, CA
  • Reduced to $2,650,000 on 11/5/17
  • Listed at $2,800,000 on 9/20/17

Interior

  • Appliances: Refrigerator
  • Cooking Appliances: Range

Parking

  • Parking Type: Assigned

Location

  • Area: Palms - Mar Vista (C13)
  • County: Los Angeles
  • Development Name: Palms - Mar Vista (C13)
  • Driving Directions: S of Venice, N of Washington Pl, E of Beethoven, W of Wade

Heating & Cooling

  • Cooling Type: Wall/Window Air Conditioning
  • Heating Type: Wall Gas
  • Heating Fuel: Wall Gas

Structural Information

  • # Buildings: 1
  • Square Feet: 3,844
  • Year Built: 1962

Unit Information

Unit 1

  • Total Bathrooms: 2
  • Bedrooms: 4

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Sq. Ft.): 7,101
  • Lot Size Source: Public Records
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $689.39

Disclosures and Reports

  • Legal Disclosures: Take Property As Is

Listed by BRC Advisors, Oron Maher - CA DRE: 01299093

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Schools

Schools serving 12757 Matteson Ave

School District:
Los Angeles Unified School District
School Name
Grades
Distance
Grand View Boulevard Elementary School
3951 Grand View Blvd, Los Angeles, CA 90066
K-5
0.5 mi
Mark Twain Middle School
2224 Walgrove Ave, Los Angeles, CA 90066
6-8
0.5 mi
Venice Senior High School
13000 Venice Blvd, Los Angeles, CA 90066
9-12
0.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 12757 Matteson Ave

12757 Matteson Ave, Los Angeles, CA 90066 (MLS# 17-266874) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 12757 Matteson Ave is currently listed for $2,650,000 and was received on September 20, 2017. Want to learn more about 12757 Matteson Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

Listed by BRC Advisors, Oron Maher - CA DRE: 01299093