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17247 Mitchell Ave, Mar Vista 90066
Value is in land for development into 9 or more apartments (check with the City of Los Angeles) or as a long term, easy management hold asset. Five unit property consists of one 2 BR house and four 1 BR units. No vacancies and well located with easy access to beach, shopping, and transportation. The property continues to increase in value because of the relatively low rents and desirable location. Property is zoned LAR-3 to a 15′ alley. The sale is subject to a 1031 tax exchange. There is an approximate $800,000 loan with Chase Bank assumable by a credit worthy buyer.

 

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