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12231 Pacific Ave, Los Angeles, CA 90066

12231 Pacific Ave, Los Angeles, CA 90066

Seven Mar Vista Units, Every One Two-Bath

Exclusively listed by the LAAA Team at Marcus & Millichap

Listing Price
$1,900,000
Cap Rate
5.02%
Units
7
GRM
12.10
Price / Unit
$271,429
Price / SF
$273.38
Gross SF
6,950 SF
Year Built
1963

Offering

The Offering

Seven units in Mar Vista, one block south of the Venice Boulevard retail corridor. Built 1963, 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. Every residence carries two full bathrooms and seven parking spaces serve seven units. In-place rents run $1,643 to $2,146 per month against MLS leased two-bedroom comparables of $2,300 to $3,395 within 0.8 miles, roughly 44.9% rent upside. All seven leases are month-to-month, four tenancies date to 2005 or earlier, and the building is 100% occupied with zero delinquency.

  1. 01

    44.9% rent upside, gross scheduled rent of $157,056 to $227,580

  2. 02

    All two-bath unit mix, uncommon in 1963 Westside stock

  3. 03

    One-to-one parking, seven spaces serving seven units

  4. 04

    100% occupied with zero delinquency as of August 11, 2026

  5. 05

    No soft story retrofit required per LADBS screening

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.

12231 Pacific Ave, Los Angeles, CA 90066 | Offering Memorandum