12231 Pacific Ave, Los Angeles, CA 90066
12231 Pacific Ave, Los Angeles, CA 90066
12231 Pacific Ave, Los Angeles, CA 90066
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$2,350,000
Est. payment /mo
16 Beds
13 Baths
6,950 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,950 sqft

Price per Sqft $338

MLS Listing ID 26659095

Bedrooms 16

Year Built 1963

Lot Size 7,503 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

We are pleased to exclusively offer this A+ location 7-unit multifamily property located at 12231 Pacific Avenue in the heart of Mar Vista. The 6,950 square foot building features a well-designed unit mix of (4) 2-bedroom, 2-bathroom unit and (2) 3-bedroom, 2-bathroom units and (1) 2-bedroom, 1-bathroom unit. This asset presents a unique "blank slate" opportunity for an investor to implement a value-add business plan. The strategy involves renovating the units to modern standards targeting a gross monthly income of $23,000. This represents a 24.3% increase over the pro-forma gross monthly rent of $18,500. 12 parking spaces and laundry room in complex with potential for increased revenue.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Laundry Community

Exterior

Parking Features Driveway

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Compass

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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