12231 Pacific Avenue, Los Angeles, CA 90066

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
12231 Pacific Avenue,Los Angeles, CA 90066
$1,900,000
  • 16 Beds
  • 13 Baths
  • 6,950 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26875187
Source:CRMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$273.38

About this home

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,...

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Home facts

  • Year built:1963
  • Listing ID #:26875187
  • Added:1 day(s) ago
  • Updated:August 21, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:13
  • Living area:6,950 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:6,950 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$273.38

Parking

  • Parking description:Assigned
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