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16 Beds
13 Baths
6,950 sqft

$1,575,000

12231 Pacific Avenue, Los Angeles CA, 90066

Price per sqft$226.62
Built in1963
Property size6,950 sqft
Property typeResidential
Listed by Filip Niculete CA DRE# 01905352 with Marcus & Millichap 8182122748

Overview

Active

Listed Aug 10, 2026

Updated 13 days ago

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.

$10,479/mo

Est. mortgage payment based on a $1,575,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26875187

Interior Features

Bedrooms
16
Bathrooms
13
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Filip Niculete CA DRE# 01905352 with Marcus & Millichap 8182122748

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/23/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/23/2026 at 9:17 PM UTC Last Checked: 9:17 PM UTC

 

 

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