$2,100,000

12717 Matteson Avenue, Los Angeles, CA 90066

6,830 sqft

other
Built in 1964
6,970sqft lot
—— car garage
$307/sqft
Listed 10 days ago

Property 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.

Listing Status:: Active
Date Added:: November 13, 2025 at 06:00AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: Keith Moret : 310-563-7144
MLS ID:: CL25619125

A/C: None
Heating: Wall Furnace

Parking: Other

County: Los Angeles

Zoning: LAR34236017030

This listing courtesy of Keith Moret, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Beethoven Street Elementary School

3711 Beethoven St, Los Angeles, CA, 90066

Grades KG-5

0.38 miles away

James J. Mcbride Special Education Center

3960 S Centinela Ave, Los Angeles, CA, 90066

Grades 6-12

0.39 miles away

Phoenix Continuation

12971 Zanja St, Los Angeles, CA, 90066

Grades 9-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.