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$ 2,100,000
Est. payment /mo
Pending
12717 Matteson Avenue Los Angeles, CA 90066
6,830 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,830 sqft
Price per Sqft $307
MLS Listing ID CL26855837
HOA Y/N No
Year Built 1964
Lot Size 7,107 Sqft
Acres 0.1632
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Natural Gas
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4236017030
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.