12425 TEXAS AVENUE, LOS ANGELES, CA 90025

  • 19,635 sqft
  • Lot Size: 20,840 sqft
  • Built in 1960
  • MLS #22223088
For Sale $7,150,000
  • share

Description

Rare opportunity to purchase a multi-family asset which would enable a savvy investor to acquire a large scale multi-family rental footprint in West Los Angeles. 12425 Texas Ave., is a 19 unit multi-family property in a prime West LA location. The subject property has an excellent unit mix of (1) 2 BR + den, (9) 2 BR, (2) 1 BR + den, (6) 1 BR & (1) studio unit. Trust sale, does not require court confirmation. Seller must sale before April. One of the 2 bedroom units is currently vacant. This trophy asset was originally constructed in 1960 and is approximately 19,635 SqFt of property on a large corner 20,840 SqFt lot. There is substantial rental upside, creating a quintessential "value-add" investment opportunity. This generational asset in an undeniable attractive location that will surely pay long term dividends to a savvy investor. The property still requires seismic retrofitting for its parking structure. The property is directly next door to 12415 Texas Ave, (10 units) which is also for sale and the property can be purchased with three other West LA properties located at 1338 Carmelina (8 units), 1352 Carmelina Ave. (26 units) & 11600 Rochester Ave (13 units).

FACTS / FEATURES

  • Built in 1960
  • Lot Size: 20,840 sqft
  • Cooling: None
  • Heating: None

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Listing Provided by Errol Spiro, Miller & Desatnik Realty Co.
Based on information from California Regional Multiple Listing Service, Inc. as of March 21, 2023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.