12609 Mitchell AV
Los Angeles, CA, 90066
$1,500,000
Beds
4 Baths
2,426 SqFt
0.16 Acres
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MLS #26867233 image #0
This legacy four-plex held in the same family since 1989, presents a rare opportunity to acquire a character rich, desirable asset in Prime Mar Vista with 3 of 4 units delivered vacant. The new owner will benefit from multiple options to profitability- rehabbing and renting at market, redevelopment for up to 8 units or adding ADU’s for substantially higher income (buyer to verify with City). It benefits from a premium location just blocks from the Von’s shopping center, the new Culver Public Market and neighborhood dining destinations such as Hatchet Hall and Broken Spanish. The property offers an exceptional blend of long term stability and meaningful value add potential. Built in 1954, the property has 2,426 square feet of improvements on a generous 7,104 SF R3 zoned lot, creating optionality for future expansion, additional units, or ADU development (buyer to verify). The site features an ideal layout: a standalone 3BD/1BA front cottage with a private garage paired with a rear triplex consisting of three well-proportioned 1BD/1BA units all of which will all be delivered vacant. The two rear garages will also be delivered vacant, offering immediate income upside or potential for conversion. The property has been professionally managed by the same operator for 40 years, providing investors with confidence in its operational continuity and clean historical oversight. Recent capital improvements include brand new electrical sub panels in all four units, rebuilt freshly painted stairs and handrails for the rear building, new vertical and horizontal plumbing in the front house and a new heater in Unit 12609. With five total parking spaces and a simple, efficient building configuration, the asset is easy to operate and highly marketable to today’s renter base. For investors seeking a blend of stability, upside, and long term optionality, this Mar Vista four plex checks every box: irreplaceable location, strong in-place fundamentals, clear paths to revenue growth, and zoning that supports future redevelopment potential. This is a rare chance to secure a legacy asset in a supply constrained Westside submarket.

Property Details

Price:
$1,500,000
MLS #:
26867233
Status:
Pending
Beds:
0
Baths:
4
Type:
Single Family
Neighborhood:
c13palmsmarvista
Listed Date:
Aug 12, 2026
Finished Sq Ft:
2,426
Total Sq Ft:
2,426
Lot Size:
7,106 sqft / 0.16 acres (approx)
Year Built:
1954
C13 – Palms – Mar VistaC13palmsmarvista

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Schools

Interior

Appliances
GD
Cooling
NO
Heating
GAS, WL
Levels
U

Exterior

Direction Faces
S
Garage Spaces
4
Parking Spots
4
Parking Total
4

Financial

Gross Operating Income
$107,891
Net Operating Income
$71,262

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Aug 27, 2026
8,016
Single Family Listed
86
Avg DOM
427
Avg $ / SqFt
$1,563,271
Avg List Price

Property Summary

    12609 Mitchell AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90066. It is listed for $1,500,000 and features 0 beds, 4 baths, and has approximately 2,426 square feet of living space, and was originally constructed in 1954. The current price per square foot is $618. The average price per square foot for Single Family listings in Los Angeles is $427. The average listing price for Single Family in Los Angeles is $1,563,271.

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12609 Mitchell AV
Los Angeles, CA