12420 Greene Ave, Los Angeles, CA 90066
- $1,995,000
- 16
- BD
- 13
- BA
- 7,205
- SqFt
- List Price
- $1,995,000
- MLS#
- 26999959
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 16
- Bathrooms
- 13
- Living Area
- 7,205
Property 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.
Additional Information
- Year Built
- 1959
- Garage
- Carport Attached
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Courtesy of Miller & Desatnik Realty Co., David Miller.
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