Property Detail

12717 Matteson

Los Angeles CA 90066

$2,100,000

Status: Active

Property Details

Description

First time on the market in 36 years! This 9-unit property presents an incredible opportunity to add value to a very desirable asset in a premium location. Built in 1964, the structure totals 6,830 SF situated on a 7,105 SF lot. The unit mix consists of (1) 3Bed/2Bath, (2) 2Bed/2Bath, (2) 2Bed/1Bath and (4) 1Bed/1Bath units. There are 10 parking spaces. The property has been professionally managed for years and offers 60% rental upside. The Pro Forma Cap Rate is 8.77% and Pro Forma GRM is 7.35.The asking price for this asset is $2,100,000 which represents pricing indicators of 3.85% Cap Rate, 11.73 GRM, $233,333 Per Unit and $307.47 Per SF.

Map Location

Listing provided courtesy of Keith Moret of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-11-20 09:11:27.000000. Listing information © 2025 CRMLS.

The Lineup

The Lineup

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