12757 Caswell, Los Angeles, California 90066, Los Angeles, 90066 - bed, bath
ACTIVE$2,400,000$6,026/sqft
12757 Caswell, Los Angeles, California 90066
0Bed
0Bath
6,026Sqft
7,119Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Mar Vista Location: Situated in the heart of Mar Vista, a highly desirable Westside rental submarket, offering excellent access to Venice Beach, Marina del Rey, Playa Vista, Culver City, and major freeways (90 & 10).
Top Cons:
Age of Construction: Built in 1961, the property's age may imply potential for outdated systems (e.g., plumbing, electrical) and higher long-term maintenance costs compared to newer constructions.
Compared to the nearby listings
Price:$2.40M vs avg $2.05M (+$350,000)50%
Size:6,026 sqft vs avg 5,533 sqft50%
Price/sqft:$398 vs avg $36850%
More Insights
Built in 1961 (65 years old).
Condition: Built in 1961, the property's age suggests potential for older systems. However, the visible interior unit (kitchen and living area) has been significantly updated with modern white cabinets, dark countertops, subway tile backsplash, stainless steel appliances, and new wood-look laminate flooring. This indicates a recent renovation in at least one unit, likely within the last 5-15 years. The property is described as 'well-maintained,' and while the exterior is typical of its era, it appears clean. The lack of bathroom images and specific details on major systems for all units prevents an 'Excellent' score, but the substantial and modern updates seen in the kitchen elevate it beyond 'Fair'.
Year Built
1961
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$398
HOA
-
Days on market
-
Sold On
-
MLS number
PW26001549
Home ConditionGood
Features
View-
About this home
Don't miss 12757 Caswell Avenue - a well-maintained, 9-unit multifamily property located in the heart of Mar Vista! This 1960s-constructed property is offered at an 11.8x GRM, generating an average monthly per-unit rent of $1,883/month with approximately 25%-30% upside in rents from current to market. The diverse unit mix consists of 5 two-bedroom units, 1 one-bedroom unit and 3 Bachelor units. 12757 Caswell is well-situated near the intersection of Venice Boulevard and Centinela Avenue with easy access to Venice Beach, Marina del Rey, Playa Vista, Culver City, as well as the 90 and 10 freeways. With an excellent 90/100 Walk Score, 12757 Caswell Avenue is well-positioned as a walkable and transit-friendly multifamily investment located in the heart of one of the Westside’s most desirable rental submarkets.
E
Everett Wong
Listing Agent
Nearby schools
7/10
Beethoven Street Elementary School
Public,•K-5•0.4mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.6mi
4/10
Walgrove Avenue Elementary School
Public,•K-5•1.0mi
8/10
Mar Vista Elementary School
Public,•K-5•1.3mi
4/10
Charnock Road Elementary School
Public,•K-6•1.7mi
6/10
La Ballona Elementary School
Public,•K-5•1.9mi
8/10
Grant Elementary School
Public,•PK-5•2.0mi
8/10
Clover Avenue Elementary School
Public,•K-5•2.1mi
6/10
Richland Avenue Elementary School
Public,•K-6•2.1mi
6/10
John Adams Middle School
Public,•6-8•2.1mi
7/10
Culver City Middle School
Public,•6-8•2.2mi
6/10
Venice Senior High School
Public,•9-12•0.3mi
8/10
Culver City High School
Public,•9-12•2.1mi
8/10
Santa Monica High School
Public,•9-12•2.9mi
6/10
University Senior High School
Public,•9-12•3.5mi
Condition Rating
Good
Built in 1961, the property's age suggests potential for older systems. However, the visible interior unit (kitchen and living area) has been significantly updated with modern white cabinets, dark countertops, subway tile backsplash, stainless steel appliances, and new wood-look laminate flooring. This indicates a recent renovation in at least one unit, likely within the last 5-15 years. The property is described as 'well-maintained,' and while the exterior is typical of its era, it appears clean. The lack of bathroom images and specific details on major systems for all units prevents an 'Excellent' score, but the substantial and modern updates seen in the kitchen elevate it beyond 'Fair'.
Pros & Cons
Pros
Prime Mar Vista Location: Situated in the heart of Mar Vista, a highly desirable Westside rental submarket, offering excellent access to Venice Beach, Marina del Rey, Playa Vista, Culver City, and major freeways (90 & 10).
Significant Rental Upside: The property presents a substantial 25%-30% upside in rents from current to market rates, indicating strong potential for increased cash flow and investment returns.
Excellent Walk Score: Boasts an impressive 90/100 Walk Score, making it a highly walkable and transit-friendly location, appealing to a broad tenant base seeking convenience and accessibility.
Diverse Unit Mix: Features a varied unit composition of 5 two-bedroom, 1 one-bedroom, and 3 bachelor units, catering to different tenant needs and potentially reducing vacancy risk.
Well-Maintained Condition: Described as a 'well-maintained' property, suggesting a lower immediate capital expenditure requirement for a new owner despite its 1961 construction.
Cons
Age of Construction: Built in 1961, the property's age may imply potential for outdated systems (e.g., plumbing, electrical) and higher long-term maintenance costs compared to newer constructions.
Potential for Limited Parking: The property description does not explicitly mention dedicated parking for 9 units, which can be a significant challenge and tenant deterrent in a dense Los Angeles neighborhood.
Rent Control Implications: As a 1961-built multifamily property in Los Angeles, it is likely subject to the city's Rent Stabilization Ordinance (RSO), which could complicate and slow down the realization of the stated rent upside.