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12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
12231 Pacific Avenue, Los Angeles CA 90066
California>Los Angeles>South Mar Vista

12231 Pacific AvenueLos Angeles, CA 90066

For Sale

$2,600,000

Smart Buyer Rebate $26,000

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.

Listed by Raisa Lobo

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License #01929473

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Compass

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310-218-7126

Listed by Jennifer Portnoy

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License #01215535

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Compass

Last updated March 11, 2026

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Source: CRMLS #26659095

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Mar Vista
  • Bedrooms16
  • Days on Prevu13
  • Size6,950 sqft
  • Price per sqft$374

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/03/2026
Listed by Compass
$2,600,000

Property Details for 12231 Pacific Avenue

Exterior

Construction

  • Number Of Units Total: 7
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1963
  • Common Walls: 1 Common Wall

Measurements

  • Building Area Total: 6,950
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,503
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,503
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.97
  • Gross Income: $222,000.00

Taxes

  • Parcel Number: 4235023025

Interior

Measurements

  • Living Area: 6,950
  • Living Area Source: Assessor

Rooms

  • Bathrooms Total Integer: 13
  • Bedrooms Total: 16

Parking

Parking

  • Parking Features: Driveway
  • Parking Total: 12

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Common Area

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 16 bedrooms in this multi-family home at 12231 Pacific Avenue.

Does this multi-family home have parking?

Yes, there are 12 parking spaces available for 12231 Pacific Avenue.

How does 12231 Pacific Avenue compare to other multi-family homes in South Mar Vista?

This multi-family home is listed 11% below the average price for multi-family homes in South Mar Vista and has been on the market for 118 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 6,950 sqft.

12231 Pacific Avenue is a 16-bedroom multi-family home for sale in Los Angeles CA 90066. Listed on Prevu for 13 days at $2,600,000. This residence features 6,950 square feet of living space, located in South Mar Vista. The median listing price for multi-family homes in this area is $2,195,400. Property amenities include parking. Browse more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.