Logan Ward
Associate
CalDRE #02200464
12535 Pacific Ave, Los Angeles, CA 90066
12535 Pacific Ave
Exclusively listed by the LAAA Team at Marcus & Millichap
- Listing Price
- $1,950,000
- Cap Rate
- 5.89%
- Units
- 9
- GRM
- 9.76
- Price / Unit
- $216,667
- Price / SF
- $304.50
- Gross SF
- 6,404 SF
- Year Built
- 1962
Offering
Investment Overview
The LAAA Team of Marcus & Millichap is pleased to present 12535 Pacific Avenue, a nine-unit apartment building in Mar Vista. Built in 1962, the two-story wood-frame building holds one single, four one-bedroom, one-bath units and four two-bedroom, two-bath units in 6,404 square feet on a 6,992-square-foot R3-1 lot, with tuck-under parking.
The investment case is stabilized income with rent growth as long-term tenancies turn. Four units leased between November 2025 and September 2026 at $1,950 to $2,750 a month, and four tenancies in place since 2014 or earlier hold the building's rent upside. Major building work is already complete: the soft-story retrofit, dual-glazed windows and an earthquake gas shutoff valve.
The offering suits 1031 exchange buyers and private investors looking for Westside rental income with fixed-rate financing in place, within a short drive of the Playa Vista, Culver City and Santa Monica job centers.
- 01
34% Rental Upside. In-place rents on the occupied units leave room for rent growth as those units turn.
- 02
Assumable 4.48% Chase Loan. About 2.5 years of fixed-rate financing remain on the $881,684 balance, subject to Chase's approval of the buyer.
- 03
Soft-Story Retrofit Complete. Steel cantilever columns at the tuck-under parking, with a Certificate of Compliance issued 08/03/2018.
- 04
Very Walkable Mar Vista Block. Walk Score® 88 (Very Walkable) and Bike Score® 88 (Very Bikeable), one block south of Venice Boulevard.
- 05
One Ownership Since 1985. Current ownership has held the property since the June 1985 purchase.
Gallery
Inside the Offering
12535 Pacific Ave, Los Angeles, CA 90066
Location
Mar Vista
12535 Pacific Ave, Los Angeles, CA 90066
The property sits in Mar Vista, one block south of the Venice Boulevard main street and its restaurants and coffee shops. Mitsuwa Marketplace and its food court are 0.26 miles away, the Sunday Mar Vista Farmers Market on Grand View Boulevard 0.33 miles, Vons 0.42 miles and the Mar Vista Branch Library 0.47 miles. Grand View Boulevard Elementary is 0.35 miles away. The property is within half a mile of a High Quality Transit Corridor and a major transit stop. Playa Vista, home to many of Silicon Beach's technology employers, is 2.1 miles away, downtown Culver City 2.84 miles and downtown Santa Monica 3.61 miles, and LAX is 4.5 miles from the property.
Listing Team
Exclusively listed by the LAAA Team.
For offering materials, financials, or offer guidance, reach out directly.
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Next Step
Ready to dig into the financials?
Sign the Confidentiality Agreement to access the full Offering Memorandum for 12535 Pacific Ave, Los Angeles, CA 90066.
