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$1,900,000
 $10,200 est/mo Sourced by Back At You

12231 Pacific Avenue,Los Angeles, CA 90066

Los Angeles, CA 90066

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Description

We are pleased to present 12231 Pacific Avenue, a seven-unit multifamily property in Mar Vista, one block south of the Venice Boulevard retail corridor. Built 1963, the property comprises five 2BD/2BA units of approximately 900 SF and two 3BD/2BA units of approximately 1,100 SF across 6,950 SF on a 7,501 SF lot. Two-story wood frame with seven parking spaces serving seven units and an arcaded street-facing elevation. Registered under the City of Los Angeles Rent Stabilization Ordinance. The investment case is near-term rent capture with no capital requirement. In-place rents run $1,643 to $2,146 per month against MLS leased comparables of $2,300 to $3,395 for two-bedroom product within 0.8 miles, for approximately 44.9% rent upside. Four of seven tenancies date to 2005 or earlier, and all seven leases are monthto- month with no fixed terms to wait out. Occupancy stands at 100% with zero delinquency across all seven units as of August 11, 2026, positioning the deal for 1031 buyers, family offices, and value-add operators seeking Westside exposure. 12727 Matteson Avenue, half a mile west, shares the subject's 1963 vintage and 6,950 SF building area and asks $2,799 on renovated twobedroom units.

Details

MLS #26875187
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site10
Listing Provided ByMarcus & Millichap | Filip Niculete

Features

Bed(s)16
Bath(s)13
SQ Feet6,950
Story(s)2
Units7
Building(s)1
ZoningLAR3
Acreage0.17

Parking

Parking FeaturesAssigned

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90066
AreaC13 Palms Mar Vista
Listing VS Median (in 90066)
Price:
$1,900,000
low | high
Med:
$2,050,000
42.105263157895% of Average
sqft:
6,950
low | high
Med:
5,532
70.402877697842% of Average
$ / sqft:
$273
low | high
Med:
$390
7.372536469359% of Average
On site:
10
low | high
Med:
73
13.698630136986% of Average
Sourced by Back At You

Market Activity 90066

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Learn More About This Property

Gustavo Macias

Gustavo Macias

Coldwell Banker Commercial

01758792 (626) 523-1730gustavo.macias@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90066
AreaC13 Palms Mar Vista
Listing VS Median (in 90066)
Price:
$1,900,000
low | high
Med:
$2,050,000
42.105263157895% of Average
sqft:
6,950
low | high
Med:
5,532
70.402877697842% of Average
$ / sqft:
$273
low | high
Med:
$390
7.372536469359% of Average
On site:
10
low | high
Med:
73
13.698630136986% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.425M - $2.375M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
12513 Venice Property Photo 1
$3,750,000
12513 Venice
Los Angeles, CA 90066
Listing Updated: August 24, 2026 at 12:16:20 PM PDT

Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions