Skip to main content
12231 Pacific Ave, Los Angeles, CA 90066

12231 Pacific Ave, Los Angeles, CA 90066

12231 Pacific Ave

Exclusively listed by the LAAA Team at Marcus & Millichap

Listing Price
$1,700,000
Cap Rate
5.62%
Units
7
GRM
10.82
Price / Unit
$242,857
Price / SF
$244.60
Gross SF
6,950 SF
Year Built
1963

Offering

Offering Overview

A seven unit apartment property in Mar Vista, one block south of the Venice Boulevard retail corridor. The two story building was completed in 1963 and holds five 2BR/2BA and two 3BR/2BA units, 6,950 gross square feet on a 7,501 square foot LAR3 lot, with a parking space for every unit.

  1. 01

    44.9% rental upside. Scheduled rent of $157,056 grows to $227,580 at market rents of $2,595 and $2,995.

  2. 02

    Every unit has two full baths. Five 2BR/2BA of about 900 SF and two 3BR/2BA of about 1,100 SF, 993 SF average.

  3. 03

    Leased comparables of $2,300 to $3,395. MLS two-bedroom leases within 0.8 miles of the property.

  4. 04

    One-to-one parking. Seven spaces for seven units, documented on the 1964 Certificate of Occupancy.

  5. 05

    100% occupied with zero delinquency. All seven units current as of August 11, 2026, and every lease is month to month.

  6. 06

    No soft-story retrofit required. LADBS screening returns Possible Soft-Story: No, and the property sits in FEMA Flood Zone X.

Location

Location & Neighborhood

12231 Pacific Ave, Los Angeles, CA 90066

Mar Vista sits on the Westside between Culver City and the Santa Monica coastline, anchored by the Venice Boulevard commercial corridor. Neighborhood retail, pharmacy service and daily conveniences are within a short walk, with Metro bus service running directly on the corridor. Culver City and its studio and technology campuses are approximately 2.3 miles northeast, Playa Vista 2.1 miles south, Marina del Rey 2.0 miles southwest and Santa Monica 3.8 miles west. The 405 Freeway is approximately 0.8 miles east and the 10 Freeway 1.7 miles north. ZIP 90066 is 62% renter-occupied across 25,279 occupied households, with a median household income of $114,141 against a median home value of $1,695,400.

Listing Team

Exclusively listed by the LAAA Team.

For offering materials, financials, or offer guidance, reach out directly.

Next Step

Ready to dig into the financials?

Sign the Confidentiality Agreement to access the full Offering Memorandum for 12231 Pacific Ave, Los Angeles, CA 90066.

LA Apartment Advisors

The LAAA Team

Marcus & Millichap

All property showings are by appointment only.

This information has been secured from sources believed to be reliable, but no representations or warranties, expressed or implied, are made as to the accuracy of the information. References to square footage, age, or income are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. All property showings are by appointment only.

Other Available Listings

View all listings