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Listed by Trea Erdmann, DRE #02182388 • Dwelo Agency
$ 1,500,000
Est. payment /mo
New
12231 Pacific AVE Los Angeles, CA 90066
7,503 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26233711
Year Built 1963
Lot Size 7,503 Sqft
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Interior
Laundry Laundry Area
Exterior
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 4235023025
Special Listing Condition Not Applicable
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