12231 Pacific Ave, Los Angeles, CA 90066
- $1,900,000
- 16
- BD
- 13
- BA
- 6,950
- SqFt
- List Price
- $1,900,000
- MLS#
- 26875187
- Year Built
- 1963
- Bedrooms
- 16
- Bathrooms
- 13
- Living Sq. Ft
- 6,950
- Lot Size
- 7,503
- Days on Market
- 13
- Property Type
- Multifamily
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.
Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Assigned
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Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352
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