714-745-2708

12231 Pacific Avenue, Los Angeles, CA 90066

$1,575,000 Approx. USD 16 beds, 13 baths
6,950 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap
Phone: 8182122748

Co Listing Agent

Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2808

Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active

MLS# 26875187

List price is $1,575,000 Reduced by $125,000 on 9/23/2026

Price: $1,575,000

Beds: 16

Baths: 13

Built in 1963

6,950 sqft

2 stories

0.17 acres

Lot size: 0.1722

County: Los Angeles

Zoning: LAR3

Parking description: Assigned

MLS area: C13 - Palms - Mar Vista

Last Updated: 9/23/2026

Days On Market (DOM): 54

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This listing belongs to the C13 - Palms - Mar Vista MLS area

Lat/Long: 34.003705, -118.431595.
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