9 UNIT APARTMENT BUILDING

12726 MATTESON AVE | VENICE , CA

PROPERTY INFORMATION:

INVESTMENT HIGHLIGHTS

  • Listing price: $3,500,000
  • 2 stories exterior corridor entrance to each apt
  • Amenities include
  • On site laundry room
  • Central water heater
  • Each unit has metered gas and electric
  • Street and alley access
  • EACH UNIT
    • Built in oven, refrigerator, cooktop
    • Bathroom have shower/tubs with exception of one unit
    • Beautiful open courtyard provides each unit with natural sunlight
    • 8 apt have tile floors throughout
  • Right off the Venice Blvd corridor to Santa Monica and Venice Beach
  • Perfectly located for access to West Los Angeles and Century City
  • Minutes from the 405 freeway, 90 freeway
  • Short bike ride to Marina Del Rey
  • A short walk or scooter ride to the Culver business and studio district
  • Matteson is a Quiet street

GROSS INCOME

  • Current Gross Income: $70,260
    • Apts 1, 2, 3, 4, 6, 7 vacant – All 1 bedroom/1 bathroom
    • Apt 5 – 2 bedroom/1 bathroom rent: $2,420 per month
    • Apt 9 – 1 bedroom/1 bathroom rent: $1,080 per month
    • Apt 8 – 2 bedroom/1 bathroom rent: $2,355 per month
  • Pro Forma Gross Income for 2022: $215,000

MORE DETAILS

  • Property Address: 12726 Matteson Ave, Los Angeles, CA 90066
  • APN: 4236-018-006
  • SF Lot: 7,098 SF
  • Total Building SF: 6,300 SF
  • Units: 9
  • Bedroom / Bathrooms in each Unit
    • 7 Units
      • 1 Bedroom / 1 Bathroom
    • 2 Units
      • 2 Bedroom / 1 Bathroom

LISTING PRICE: $3,500,000

Offering Memorandum
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