Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 15 BR |
| Bathrooms: | 14 |
| Area: | 7107 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$2,100,000
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.
12717 Matteson Ave 15BR Marina Del Rey La
Description
This 9 unit gem is in the very desirable Mar Vista neighborhood. The family has owned this property since 1989 and is retiring from the business. It has a desirable unit mix consisting of (1) 3br/2ba (to be delivered vacant); (2) 2BR/2BA;(2) 2br/1ba: and (4) 1br/1ba units. There is 44% rental upside and with current cap of 4.89% and pro-forma cap of 8.39%, the path to profitability is clear. The property is well maintained with recently rebuilt deck, railing & stairs, 2 re-habbed units and an Environmental clearance report issued in May 2026. The Seismic retrofit has been completed. There are 7 on-site parking spaces and storage units for the tenants.
Neighborhood
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
