This 9-unit multi-family investment opportunity is located in the rapidly growing Westside neighborhood of Mar Vista. The property is just a short bike ride to Venice Beach, Marina Del Rey, Santa Monica as well as walking distance to a myriad of coffee shops, restaurants, shopping, and the Mar Vista Farmers Market. Entertainment value and proximity to a variety of Westside neighborhoods add to this property's long-term appreciation.The property has been well maintained and consists of mostly two-bedroom units with copper plumbing and has approximately 11 parking spots. The LONG TERM OWNER has never approached tenants for relocation and with 64% upside in rents, this is a significant opportunity to add value in an A+ location.
Off market
$3,135,200
12445 Pacific Ave, Los Angeles, CA 90066
16beds
10baths
7,220sqft
MultiFamily
Built in 1963
-- sqft lot
$3,135,200 Zestimate®
$434/sqft
$2,954 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 10
Cooling
- None
Interior area
- Total interior livable area: 7,220 sqft
Property
Parking
- Total spaces: 11
Lot
- Size: 6,991 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1963
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- SourceLotSizeArea: Assessor
- UnitTypeType: 1, 2, 3, 4, 5, 6, 7, 8, 9
- Equipment: Other
- Heating: Other
- ListingArea: Palms - Mar Vista
- ParkingGarage: Other
- ListingStatus: Active Under Contract
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Estimated market value
$3,135,200