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$1,995,000
Est. payment /mo
16 Beds
13 Baths
7,205 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,205 sqft
Price per Sqft $276
MLS Listing ID 26999959
Bedrooms 16
HOA Y/N No
Year Built 1959
Lot Size 9,600 Sqft
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.
Location
State CA
County Los Angeles
Area C12 - Marina Del Rey
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Attached Carport
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4223030044
Special Listing Condition Standard
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Listed by David Miller Miller & Desatnik Realty Co. #02105346
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