Offering

Investment Overview

The LAAA Team of Marcus & Millichap is pleased to present 12535 Pacific Avenue, a nine-unit apartment building in Mar Vista. A qualified buyer may assume the existing Chase loan at 4.48%, fixed through 06/01/2029, subject to Chase's approval. 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. All nine units are registered under the Los Angeles Rent Stabilization Ordinance. 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.

1. 01

   Assumable 4.48% Chase Loan. About 2.5 years of fixed-rate financing remain, subject to Chase's approval of the buyer.

2. 02

   34% Rental Upside. In-place rents on occupied units leave room for rent growth as those units turn.

3. 03

   Soft-Story Retrofit Complete. Steel cantilever columns at the tuck-under parking, with a Certificate of Compliance issued 08/03/2018.

4. 04

   One Ownership Since 1985. Current ownership has held the property since the June 1985 purchase.

5. 05

   Updated Unit Interiors. Select units have granite counters, stainless appliances and plank or tile floors.