$2,195,000

Estimated payment $14,108/month

Total Views 161
7 Beds
4 Baths
3,961 Sq Ft
$554 Price per Sq Ft

Highlights

  • Midcentury Modern Architecture
  • 3 Car Attached Garage
  • Central Heating and Cooling System
  • Venice High School Rated A
  • Laundry Room
  • North Facing Home

About This Home

Welcome to 12030 Sylvester Street, a rare and highly desirable investment property in the heart of Mar Vista, one of West LA's most sought-after rental markets. Situated at the end of a peaceful cul-de-sac and just moments from Culver City, Venice Beach, and Silicon Beach, this well-maintained triplex presents the perfect blend of strong cash flow, long-term upside, and location appeal. Currently 100% occupied and collecting market rent, this asset offers investors immediate income with room for future appreciation. Each of the three units has been thoughtfully designed for comfort and privacy: A spacious 4-bedroom, 2-bathroom unit featuring a private yard and patio. A well-appointed 2-bedroom, 1-bathroom unit with a private balcony patio. A bright and charming 1-bedroom, 1-bathroom unit. All units are equipped with in-unit washer/dryers, central air & heat, and benefit from individual gas and electric meters for efficient utility management. Additional amenities include private one-car garages & an extra outdoor parking space per unit, and a shared yard perfect for relaxing, entertaining, or hosting. Vaulted ceilings in select units & plenty on windows bring in an abundance of natural light, enhancing the spacious interiors. Recent upgrades such as permitted electrical updates and newer stairs add to the value and stability of this turnkey asset. Located near popular dining on Washington Blvd, the Mar Vista Farmers Market, top-tier coffee shops, and with easy access to Santa Monica, LAX, Marina del Rey, Century City, and Culver City, this location checks all the boxes for tenants and owner-occupants alike. Whether you're a seasoned investor seeking reliable returns, a 1031 exchange buyer, or a homeowner looking to live in one unit while renting out the others, this property is a golden opportunity to plant roots in one of LA's most stable and flourishing neighborhoods. Don't miss your chance to own a prime piece of Mar Vista real estate with strong rental income and long-term potential.

Listing Agent

Aaron Mejia

Christie's International Real Estate SoCal License #01896881 Listed on: 06/10/2025

Christie's International Real Estate SoCal

Co-Listing Agent

Nicky Mejia

Christie's Int. R.E. SoCal License #02060193

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,013

Year Built

  • Built in 1954

Lot Details

  • 7,560 Sq Ft Lot
  • North Facing Home

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Triplex
  • Midcentury Modern Architecture

Interior Spaces

  • 3,961 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4232-004-088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,013

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3961
  • Lot Acreage: 0.1724
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: In Unit, Inside
  • Total Bathrooms: 4.00
  • Equipment: Washer, Dryer, Dishwasher, Refrigerator, Range/Oven, Microwave
  • Price Per S Q F T: 554.15

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Pool: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Parking Garage: Driveway, Garage - 3 Car, Attached
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 25.00
  • Assessed Improvement Value: 446206
  • Assessed Land Percent: 75
  • Assessed Land Value: 1338621
  • Total Assessed Value: 1784827
  • Assessor Parcel Number: 4232-004-088
  • Lot Size Area: 7560

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.49
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $22,013 $1,784,827 $1,338,621 $446,206
2023 $21,591 $1,749,831 $1,312,374 $437,457
2022 $20,595 $1,715,522 $1,286,642 $428,880
2021 $20,333 $1,681,885 $1,261,414 $420,471
2019 $19,727 $1,632,000 $1,224,000 $408,000
2018 $19,586 $1,600,000 $1,200,000 $400,000
2017 $5,897 $463,639 $160,964 $302,675
2016 $5,724 $454,549 $157,808 $296,741
2015 $5,643 $447,722 $155,438 $292,284
2014 $5,680 $438,953 $152,394 $286,559
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $2,195,000 +37.2% $554 / Sq Ft
11/30/2017 11/30/17 Sold $1,600,000 +0.1% $404 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
10/14/2017 10/14/17 For Sale $1,599,000 -- $404 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,600,000 Fatcola
Warranty Deed -- Orange Coast Title
Warranty Deed -- Stewart Title
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $608,000 New Conventional
Previous Owner $200,000 Credit Line Revolving
Previous Owner $481,900 Fannie Mae Freddie Mac
Previous Owner $200,000 Credit Line Revolving
Previous Owner $360,000 Stand Alone First
Previous Owner $50,000 Credit Line Revolving
Previous Owner $328,000 Unknown
Previous Owner $315,000 Purchase Money Mortgage
Previous Owner $16,848 Unknown
Previous Owner $15,000 Unknown
Previous Owner $210,000 Unknown
Source: Public Records

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Source: The MLS

MLS Number: 25550735

The MLS

APN: 4232-004-088