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12231 Pacific AVE Los Angeles, CA 90066
7,501 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26233711
HOA Y/N No
Year Built 1963
Lot Size 7,501 Sqft
Property Sub-Type Apartment
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 exchange buyers, family offices, and value-add operators seeking highly stable, upside-rich exposure in a premier Westside market.
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 exchange buyers, family offices, and value-add operators seeking highly stable, upside-rich exposure in a premier Westside market.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4235023025
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
Listed by Trea Erdmann Dwelo Agency 408-391-9208, DRE #02182388
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