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.

Property details

Bedrooms

16

Bathrooms

13

Square feet

7,205

Year built

1959

Property type

Residential Income

Lot size

9,599 sqft

Location

12420 Greene Avenue • Los Angeles, CA 90066

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Listing Agent

David Miller

DRE #: 02105346

Brokerage: Miller & Desatnik Realty Co.

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Sale history for 12420 Greene Avenue

Sold $2,171,000 in January 2022 · MLS #21688038 · Source: CRMLS

CRMLS

MLS# 26999959

Listed: 10/12/2026 4:51 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/20/2026 12:15 AM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Miller & Desatnik Realty Co.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

16-Bedroom Residential Income - 12420 Greene Avenue, Los Angeles, CA