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15-Bedroom ResidentialIncome — 12717 Matteson Avenue, Los Angeles, CA

$2,100,000

12717 Matteson Avenue, Los Angeles, CA

$2,100,000 — 12717 Matteson Avenue, Los Angeles, CA — photo 1 $2,100,000 — 12717 Matteson Avenue, Los Angeles, CA — photo 2 $2,100,000 — 12717 Matteson Avenue, Los Angeles, CA — photo 3 $2,100,000 — 12717 Matteson Avenue, Los Angeles, CA — photo 4 $2,100,000 — 12717 Matteson Avenue, Los Angeles, CA — photo 5
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About this property

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.

Property details

Bedrooms
15
Bathrooms
14
Square feet
6,830
Year built
1964
Property type
ResidentialIncome

Location

12717 Matteson Avenue • Los Angeles, CA 90066

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Listed by

Keith Moret · Lyon Stahl Investment Real Estate, Inc.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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