12731 Mitchell Avenue
Los Angeles, CA, 90066 $ 3,125,000
Bedrooms14 Baths8.0 Sq 7,588 Monthly Estimate*
$ 19,732
Listed by Don Favia, Realty Investment Advisors, Inc., dfavia@riacre.com
for $3,125,000 with 14 bedrooms and 8 full baths. This 7,588 square foot home was built in 1971 on a lot size of 0.1631.
We are pleased to present 12731 Mitchell Avenue, a nine unit multifamily property in a highly desirable pocket of Mar Vista, just north of Washington Boulevard and minutes from Venice, Marina del Rey and Culver City. Offered for the first time in more than 15 years, this thoughtfully owner managed property features an attractive unit mix of four two bedroom, two bath residences and five one bedroom, one bath residences. Built in 1971, the property totals approximately 7,104 square feet on an approximately 7,588 square foot lot. Long term ownership has already addressed several significant capital items, including a completed seismic retrofit and major roof improvements in 2025, while the property also benefits from predominantly copper plumbing. On site laundry provides an additional source of income beyond residential rents. Most units have been thoughtfully updated with hardwood flooring, stone countertops, open concept kitchens, tile finishes, stainless steel dishwashers, upgraded ranges and range hoods. The residences offer semi-open, flowing floor plans, while most units feature private balconies or patios, providing valuable outdoor living space. The property also offers ample gated semi subterranean parking with additional parking at the rear of the property, an important amenity in this Westside location.The location is a major part of the opportunity. With a Walk Score of 90, 12731 Mitchell Avenue is positioned between some of the Westside's most desirable lifestyle and employment centers, including Mar Vista, Venice, Marina del Rey and Culver City. The immediate neighborhood continues to attract substantial residential investment, including newer luxury multifamily development on Mitchell Avenue itself, reinforcing the continued evolution and desirability of this particular pocket.Nearby amenities include the Mar Vista Farmers Market, neighborhood dining and retail along Venice and Washington Boulevards, and the restaurants, recreation and coastal amenities of Venice and Marina del Rey. Downtown Culver City, Playa Vista and the broader Westside employment base are also nearby, while Washington Boulevard provides convenient connectivity to Downtown Culver City and the Metro E Line.With a desirable unit mix, updated interiors, private outdoor spaces, ample gated parking and significant capital improvements already completed, 12731 Mitchell Avenue offers investors a rarely available Mar Vista apartment asset with strong fundamentals, an outstanding Westside location and long term upside.
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FeaturesGeneralLiving Area 7588
Heating Wall Furnace
Possession Close Of Escrow
Appliances Dishwasher Gas Cooktop
Zoning LAR3
Security Features Security Gate Key Card Entry
Year Built 1971
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Gross Income 280860
County Los Angeles
Net Operating Income 185669
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions NW of Washington & Wade Left on Mitchell
City Los Angeles
Senior Community Y/N false
Number Of Units Total 9
MLS Area C13 - Palms - Mar Vista
Lot Size Units Square Feet
Lot Size Square Feet 7104
Carport Y/N true
Rent Control Y/N true
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.94
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InteriorFlooring Tile Wood
Total Stories 2
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 14
Total Baths 13
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ExteriorParking Features Attached Carport Underground
Total Parking 0
Lot Size Area 7104
Number of Buildings 1
Building Area Total 7588
Lot Dimensions 50x141
Lot Size Acres 0.1631
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* Excluded FeaturesList ByRealty Investment Advisors, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $19,732
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,875,941
Percent of Sale Price 40%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/17/2026 | $3,125,000 | | Listed Price |