12240 Pacific AVE

LOS ANGELES, CA, 90066

$7,795,000

$1,096 per ft²
$7,795,000
$1,096 per ft²
Active
Active
 - For Sale
beds
10 Beds
baths
12 Baths
carpenters-square
7,108 ft²
property_type
Multi-family
calendar
Built 1964
Lyon Stahl Investment Real Estate is proud to present 12240 Pacific Ave in Los Angeles. This trophy 13-unit apartment building is located in the highly desirable Mar Vista submarket. The luxurious 7,108 SF building is situated on a 7,500 SF lot and has been completely remodeled with top-of-the-line upgrades. This property features a unit mix of (7) 1-bed/1-bath units, (4) studio apartments and (2) 2-bed/2-bath units , currently stabilizing at a 3.84% CAP rate. The entire property has undergone the following renovations: in-unit Washer/Dryers, Wood Plant Waterproof Flooring, New SS Kitchen Appliances, New Quartz Kitchen Countertops with New Soft-Close Cabinets, Subway Tile Backsplashes, SS Farmhouse Sinks, Completely Renovated Bathrooms with Full Slab Quartz Tub Surrounds, All New LED Interior Lighting, Instant Hot Water, and High Speed Internet throughout the units. The property is in one of Los Angeles Westsides hottest submarkets, just a short distance from Venice, Culver City, Santa Monica, and the prime retail corridors on Rose Avenue and Abbot Kinney Boulevard. This is a perfect opportunity for a yield-focused investor looking to purchase a turn-key asset in one of the most desirable rental markets in Southern California.
MLS® ID:
SB22155281MR
Listed:
7/17/22
Updated:
12/5/22

Interior Features

Total Bedrooms
10
Total Bathrooms
12
Laundry Description
None

Exterior/Building Features

Lot Size
7,500 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
Yes
Garage Spaces
3
Parking
Y
Parking Total
3.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LAR3

Property History

Date
Event
Price
Value
11/18/22
Price Change
$7,795,000
-1%
10/24/22
Price Change
$7,895,000
-3%

Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Carrabba Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/5/22

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