12231 Pacific AVE, Los Angeles, CA 90066
12231 Pacific AVE, Los Angeles, CA 90066
12231 Pacific AVE, Los Angeles, CA 90066
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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Ian Michael

Ian Michael

+1(714) 723-1545
$ 2,350,000
Est. payment | /mo

16 Beds

13 Baths

6,950 SqFt

Save
$ 2,350,000
Est. payment | /mo
Save

16 Beds

13 Baths

6,950 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,950 sqft

Price per Sqft $338

MLS Listing ID 26659095

Bedrooms 16

HOA Y/N No

Year Built 1963

Lot Size 7,501 Sqft

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 C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Driveway

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4235023025

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Raisa Lobo Compass #01929473

Nearby Locations

Ian Michael

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 723-1545

ian@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California, 9021290212, USA

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12231 Pacific AVE