12231 Pacific Avenue, Los Angeles, CA 90066

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
12231 Pacific Avenue,Los Angeles, CA 90066
$1,500,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: trea erdmann
Office: dwelo agency
MLS#:SR26233711
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,500,000

About this home

Prime Mar Vista Value-Add Opportunity: 7-Unit Multifamily with Approx 44.9% 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...

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Home facts

  • Listing ID #:SR26233711
  • Added:12 day(s) ago
  • Updated:November 11, 2026 at 03:45 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,500,000
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