12717 Matteson Ave, Los Angeles, CA 90066

12717 Matteson Ave, Los Angeles, CA 90066

Los Angeles, CA
$2,100,000

Property Description

About this home

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.

Property Features

  • Sale Price: $2,100,000
  • Area Size: 6,830 sq ft
  • Land Area: 7,107 sq ft
  • Year Built: 1964
  • Units: 9

Lyon Stahl Investment Real Estate

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