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$ 1,500,000
Est. payment /mo
New
12231 Pacific Avenue Los Angeles, CA 90066
5 Beds
4 Baths
7,503 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26233711
Bedrooms 5
Lot Size 7,503 Sqft
Lot Dimensions 50x150
Property Sub-Type Res Income 2-4 Units
Property Description
Prime Mar Vista Value-Add Opportunity: 7-Unit Multifamily with 45% Rent Upside! A highly attractive seven-unit multifamily asset in the heart of Mar Vista, located just one block south of the vibrant Venice Boulevard retail corridor. Built in 1963, this two-story, wood-frame property features a distinctive arcaded street-facing elevation and spans 6,950 SF on a 7,501 SF lot. The property boasts an exceptional, family-friendly unit mix comprising five spacious 2-bedroom/2-bathroom units (approx. 900 SF) and two large 3-bedroom/2-bathroom units (approx. 1,100 SF). It also provides seven on-site parking spaces to serve the seven units. Investment Highlights: Massive Value-Add Potential: In-place rents currently range from $1,643 to $2,146 per month. With nearby renovated two-bedroom comps asking $2,300 to $3,395 (including a nearly identical 1963-vintage property just a half-mile away leasing at $2,799), the asset offers an estimated 44.9% rent upside. Ultimate Lease Flexibility: All seven units are on month-to-month leases with no fixed terms to wait out, allowing new ownership immediate flexibility to execute a near-term rent capture strategy. Stable, Proven Cash Flow: The property is 100% occupied with zero delinquency across all units as of August 2026. Four of the seven tenancies are long-term, dating back to 2005 or earlier. Low Initial CapEx: The investment case centers on immediate rent capture rather than heavy foundational capital requirements. Subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), this property is perfectly positioned for 1031 exchan
Location
State CA
County Los Angeles
Zoning Assessor
Direction West on Venice Blvd, turn south on Grand View Blvd, then right onto Pacific Ave; property is on the right.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4235023025
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Trea Erdmann, DRE#02182388 Dwelo Agency
Nearby Locations
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