x
Price Reduction
Address
12240 Pacific Avenue Los Angeles, CA
Price
$ 6,350,000
Property Attributes
  • MLS#SB19248475
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaPalms - Mar Vista
  • Zip90066
  • Style
  • Price$ 6,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6532
  • Lot Size7,501 SqFt
Listing Provided Courtesy Of:
Brett Lyon with Lyon Stahl Investment Real Estate, Inc..
Property Description

12240 Pacific Ave, Los Angeles is a trophy 13-unit apartment building located in a highly desirable Mar Vista submarket. The luxurious 6,532 SF building is situated on a 7,500 SF lot and has been completely remodeled with top-of-the-line upgrades. This property features a unit mix of (9) 1-bed/1-bath units and (4) studio apartments, currently stabilizing at a 3.81% CAP rate.* The entire property has undergone the following renovations: in-unit Washer/Dryers, Wood Plant Waterproof Flooring, New SS Kitchen Appliances, New Quartz Kitchen Countertops with New ‘Soft-Close’ Cabinets, Subway Tile Backsplashes, SS Farmhouse Sinks, Completely Renovated Bathrooms with Full Slab Quartz Tub Surrounds, All New LED Interior Lighting, Instant Hot Water, and High Speed Internet throughout the units. The property is in one of Los Angeles’ Westsides hottest submarkets, just a short distance from Venice, Culver City, Santa Monica, and the prime retail corridors on Rose Avenue and Abbot Kinney Boulevard. This is a perfect opportunity for a yield-focused investor looking to purchase a turn-key asset in one of the most desirable rental markets in Southern California.

Price History
10/22/2019 Listed $6,899,000
1/13/2020 8% - $6,350,000

General Features

Attached Structure Attached
Co-Listing Agent Last Name Stahl
Co-Listing Agent Last Name J.Woody
Co-Listing Agent State License # 01399621
Co-listing Agent J.Woody Stahl - BRE#01399621
Community Features Sidewalks
Directions Second complex from the corner of Pacific Ave and Wasatch Ave.
Listagentaor South Bay
Listing Agent Brett Lyon - BRE#01717818
Listing Agent State License 01717818
MLS Area C13 - Palms - Mar Vista
Price Per Square Foot 972.14
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 13
Zoning LAR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Dryer Included, Washer Included
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 6532.00
Garage Spaces 3.00
Lot Features Paved
Lot Size Acres 0.1722
Lot Size Area 7500.0000
Lot Size Source Assessor
Lot Size Square Feet 7500.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Pool Features None
Sewer Public Sewer
Total Parking 3.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90066

Price
AVG $2.58M
$6.35M
Visits
AVG 27
16
Year Built
AVG 1957
1964
Walkscore
AVG 81
86
Data Provided by Walkscore ® not using MLS data

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