12747 MITCHELL AVENUE, LOS ANGELES, CA 90066

  • Lot Size: 7,099 sqft
  • MLS #21682142
For Sale $2,095,000

Description

Tremendous development opportunity of 8-units by-right or 13-units with the City of LA Density Bonus Program in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home and four 1BR+1BA back units which provides great income while obtaining plans and permits for a new build. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot, and is perfectly situated between burgeoning LA tech hubs of Silicon Beach and Downtown Culver City, home to the new Apple and Amazon developments and major technology companies such as Google, Facebook, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts, and Sony. With an 85 Walk Score/ 72 Bike Score, Venice Beach and Marina Del Rey are just minutes away along with amazing local area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping, and transportation nearby. All or a portion of the wall on the west side of the property may not be exactly on the property line. Seller recommends that the buyer obtain a professional survey as part of its due diligence. OM provided upon request.

FACTS / FEATURES

  • Lot Size: 7,099 sqft
  • View: None

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Listing Provided by Laura Klein, KRE + Associates
Based on information from California Regional Multiple Listing Service, Inc. as of January 28, 2022. 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.