Properties
Los Angeles, CA 90066 12231 Pacific Avenue
$2,600,000
18 more
Presented By: Raisa Lobo with Compass;
Beds • 16
Baths • 1
SQFT • 6,950
Home Details
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.
Presented By: Raisa Lobo with Compass;
Interior Features for 12231 Pacific Avenue
Bedrooms
Total Bedrooms16
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths13
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Common Walls1 Common Wall
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
General for 12231 Pacific Avenue
Cap Rate5.97
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsWest on Pacific from Grand View
Full Baths
Gross Income222000
HOANo
HeatingWall Furnace
LevelsTwo
Living Area6950
Lot Size Square Feet7503
Lot Size UnitsSquare Feet
MLS AreaC13 - Palms - Mar Vista
Net Operating Income155400
New ConstructionNo
Number Of Units Total7
PostalCityLOS ANGELES
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1963
ZoningLAR3
Exterior for 12231 Pacific Avenue
Building Area Total6950
Lot Size Acres0.1722
Lot Size Area7503
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesDriveway
Total Parking12
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
