5
See all 5 photos
$1,900,000
Est. payment /mo
16 Beds
13 Baths
6,950 SqFt
New
12231 Pacific AVE Los Angeles, CA 90066
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,950 sqft
Price per Sqft $273
MLS Listing ID 26875187
Bedrooms 16
HOA Y/N No
Year Built 1963
Lot Size 7,501 Sqft
Property Description
We are pleased to present 12231 Pacific Avenue, a seven-unit multifamily property in Mar Vista, one block south of the Venice Boulevard retail corridor. Built 1963, the property comprises five 2BD/2BA units of approximately 900 SF and two 3BD/2BA units of approximately 1,100 SF across 6,950 SF on a 7,501 SF lot. Two-story wood frame with seven parking spaces serving seven units and an arcaded street-facing elevation. Registered under the City of Los Angeles Rent Stabilization Ordinance. The investment case is near-term rent capture with no capital requirement. In-place rents run $1,643 to $2,146 per month against MLS leased comparables of $2,300 to $3,395 for two-bedroom product within 0.8 miles, for approximately 44.9% rent upside. Four of seven tenancies date to 2005 or earlier, and all seven leases are monthto- month with no fixed terms to wait out. Occupancy stands at 100% with zero delinquency across all seven units as of August 11, 2026, positioning the deal for 1031 buyers, family offices, and value-add operators seeking Westside exposure. 12727 Matteson Avenue, half a mile west, shares the subject's 1963 vintage and 6,950 SF building area and asks $2,799 on renovated twobedroom units.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4235023025
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352
NEARBY SCHOOL & BUSINESS
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