The Caswell 12770 Caswell Ave 11 Unit Apartment Building $11,391,440 CAD ($1,035,585 CAD/Unit) 5% Cap Rate Los Angeles, CA 90066

True North CRE of Compass Commercial is pleased to present the exclusive opportunity to acquire The Caswell, an architecturally significant, condo-quality multifamily asset situated in the heart of Mar Vista on Los Angeles’ coveted Westside. Built in 2017 and exempt from both the Los Angeles Rent Stabilization Ordinance (RSO) and California’s AB 1482 rent caps, the property offers a rare combination of new-construction quality, regulatory flexibility, and proximity to the region’s most dynamic employment and lifestyle corridors. The four-story building totals approximately 12,460 rentable square feet and is positioned on a 7,114 square foot lot, comprised of 11 thoughtfully designed residences: four (4) one-bedroom / one-bath units, six (6) two-bedroom / two-and-a-half-bath units, and one (1) two-bedroom / one-bath affordable unit. Three of the residences are penthouse-level homes, two of which feature private rooftop terraces with built-in wet bars and barbecues — an exceptional amenity rarely found at this scale on the Westside.

The Caswell’s striking contemporary architecture — defined by cantilevered floor plates, expansive floor-to-ceiling glass, glass-railed terraces, and a sculptural stepped massing — establishes a timeless design identity that commands premium rents and tenant retention. Interiors are finished to condo-level specification, with select units featuring Carrara marble surfaces from floor to ceiling, Bertazzoni Italian ranges and ovens, and curated modern appliance packages within open, light-filled kitchens. Every unit benefits from an in-unit washer and dryer, an in-unit tankless water heater, abundant natural light, and a modern fixture and finish palette. Several residences include private balconies, and all tenants enjoy access to a shared rooftop deck with panoramic neighborhood views. The building is fully secured, with elevator service from the ground floor through the rooftop amenity level. On-site parking is provided for every market rate unit — tandem two-car spaces serve the two-bedroom residences, while single spaces are dedicated to each one-bedroom home. Tenants are responsible for in-unit electricity, gas, and water, while the landlord is responsible only for common-area electricity, sewer, and trash.

The property is strategically located in Mar Vista, which has firmly established itself as one of Los Angeles’ most desirable Westside neighborhoods, offering the rare convergence of beach proximity, walkable village retail, and immediate access to the Silicon Beach tech economy. The Caswell is positioned just minutes from Venice Beach, Abbot Kinney Boulevard, and the Marina del Rey waterfront, and is within a short commute of the headquarters and regional offices of Google, Snap, YouTube, Meta, TikTok, and dozens of other technology, media, and creative firms anchoring the Playa Vista, Venice, and Santa Monica corridors. Mar Vista itself offers a robust amenity base, including the renowned Sunday Farmers Market on Venice Boulevard, an expanding roster of acclaimed restaurants, boutique fitness studios, and neighborhood retail.