Home | Los Angeles County | Los Angeles | 90066 | 12231 Pacific Ave
MLS: CRSR26233711 | Status: | Price: $1,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,503 | 1963 |
Prime Mar Vista Value-Add Opportunity: 7-Unit Multifamily with 45% 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
| Field | Value |
|---|---|
| MLS # | CRSR26233711 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Trea Erdmann
Dwelo Agency
License #: 02182388
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | 7 | – |
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This listing information is up-to-date as of October 30, 2026. For the most current information, please contact Trea Erdmann.