12420 Greene Avenue, Los Angeles, California 90066
$1,995,000
- Property Type
- Residential Income
- Bedrooms
- 16
- Bathrooms
- 13
- Square Feet
- 7,205 sqft
- City
- Los Angeles
- Status
- Active
**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.
About
Listed by David Miller with Miller & Desatnik Realty Co.
Quick Facts
MLS Property Type
Residential Income
Status
Active
MLS Number
26999959
Year Built
1959
Units
12
Lot Size
9,599 sq ft
Location
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Details
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