12231 Pacific Ave , Los Angeles, CA 90066
$1,700,000
Est. Payment: $9,079.19/mo
5 Bed
4 Bath
6950 Sqft
Status: Active | Days on site: 31
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CLW-X75151 - CLW-C112897,CLW-C139610
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House 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.

Highlights

Listed by Filip Niculete , 8182122748 and Glen Scher , 818-212-2808 Marcus & Millichap , 818-212-2700. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1963

County

Los Angeles

Area

C13 - Palms - Mar Vista

Listing ID

26875187

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Lot Dimensions:50x150
Garage Capacity:0
Zoning:LAR3
Others:
  • Additional:2+ Total Units
Parking Features:Assigned
Principal Interest
$9,079
Taxes
$1,084

Home Price

$1,700,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$340,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,079.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,079.19 $1,083.75 $0.00 $10,162.94
Yearly $108,950.28 $13,005.00 $0.00 $121,955.28
Total $3,268,508.34 $390,150.00 $0.00 $3,658,658.34

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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