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… Read More 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. Read Less
Courtesy of Compass 310-437-7500
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
16
Square Ft.
6,950
Lot Size
0.17 Acres
Year Built
1963
MLS Number
26659095
30 Days Snapshot Of 90066
$2.22M
-19%
(avg) sold price
15
+50%
homes sold
89
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,950 sq ft, Built in 1963, Levels: Two, Attached
Cooling
None
Disclosures
None
Garage
Driveway
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.1722, LotSizeArea: 7,503
Miscellaneous
Community
Parking
TotalParking: 12
Property
NumberOfUnits: 7, Zoning: LAR3
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