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3104996249
Real Estate Company
12420 Greene Avenue, Los Angeles, CA 90066
- $1,995,000
- 16
- BD
- 13
- BA
- 7,205
- SqFt
Listing courtesy of Listing Agent: David Miller (davemiller@mdrealtycorp.com) from Listing Office: Miller & Desatnik Realty Co..
- List Price
- $1,995,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 26999959
- Subtype
- Residential Income
- Year Built
- 1959
- Bedrooms
- 16
- Bathrooms
- 13
- Living Area
- 7,205
- Lot Size
- 9,599
- Acres
- 0.22
- MLS Area Major
- Marina Del Rey (C12)
Property Description
**Seller Financing Available at competitive rates and terms! ** 12420 Greene Avenue is a 12-unit apartment building in the Del Rey pocket of Mar Vista, one of the Westside's most supply-constrained rental markets. The two-story courtyard building, built in 1959, totals approximately 7 ,205 square feet on a 9,599 square foot LAR1 lot just off Culver Boulevard, minutes from Playa Vista, Culver City and Venice.Offered at $1,995,000, just $166,250 per unit, $277 per building square foot and about $208 per land square foot, this 12-unit building is being sold at land value. In-place rents average $603 per month against projected market rents averaging $2,367. As units turn over, that gap supports a 5.85GRM and 13.71% cap rate at market rents. Seller financing is available at below-market rates and terms.
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Additional Information
- Zoning
- LAR1
- Appliances
- Refrigerator
- Heating
- Wall Furnace
- Stories
- Two Levels
- Levels
- Two
- Parking Features
- Attached Carport
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.