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12231 Pacific Ave , Los Angeles, CA 90066
$1,500,000
Est. Payment: $7,883.15/mo
5 Bed
4 Bath
0.17 Acres
Status: active | Days on site: 2
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CR-SR207023151 - CR-SR207071690
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Chris Heller
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House Description

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 Flexibility: All seven units are on month-to-month leases with no fixed terms to wait out, allowing new ownership immediate flexibility to execute a near-term rent capture strategy. Stable, Proven Cash Flow: The property is 100% occupied with zero delinquency across all units as of August 2026. Four of the seven tenancies are long-term, dating back to 2005 or earlier. Low Initial CapEx: The investment case centers on immediate rent capture rather than heavy foundational capital requirements. Subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), this property is perfectly positioned for 10
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Highlights

Listed by Trea Erdmann , 408-391-9208 Dwelo Agency , 408-391-9208. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.17

County

Los Angeles

Listing ID

SR26233711

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4

Exterior Features

Lot Dimensions:50x150
Zoning:Assessor
Principal Interest
$7,883
Taxes
$956

Home Price

$1,500,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$300,000
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:
$7,883.15

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,883.15 $956.25 $0.00 $8,839.40
Yearly $94,597.75 $11,475.00 $0.00 $106,072.75
Total $2,837,932.48 $344,250.00 $0.00 $3,182,182.48

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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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.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-11-06T23:30:01.000Z

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