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About This Home
This 16-bedroom, 13-bathroom residential multi family at 12231 Pacific Ave in Los Angeles, CA is listed for $2,475,000 ($356 per sqft). Built in 1963, the home offers 6,950 sqft of living space on a 0.17 acres lot.
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 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.
Key Features
- Built in 1963
- 0.17 acre lot
- 2 stories
- 12 parking spaces
Property Details
Monthly Cost Estimate
$13,237/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12231 Pacific Ave
Los Angeles, CA 90066
Property Details
Parking
Questions & Answers
This 16-bedroom, 13-bathroom residential multi family at 12231 Pacific Ave is listed at $2,475,000 ($356/sqft). The estimated monthly payment is $10,725 based on 20% down at 6.5% interest.
Key features include: Built in 1963, 0.17 acre lot, 2 stories, 12 parking spaces.
This property is listed by Raisa Lobo and can be reached at 3102187126 or raisa.lobo@compass.com.