12231 Pacific Avenue, Los Angeles, CA 90066

• 6,950 sqft

Property Description

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.

Listing Status:

Active

Date Added:

August 10, 2026

Data Last Updated:

August 24, 2026 at 6:06PM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Filip Niculete : 818-212-2748

MLS ID:

CL26875187

Exterior

• Parking: Assigned

Location

• County: Los Angeles

Lot

• Zoning: LAR34235023025