12231 Pacific AV
Los Angeles, CA, 90066
$1,900,000
16 Beds
13 Baths
6,950 SqFt
0.17 Acres
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MLS #26875187 image #0
We are pleased to present 12231 Pacific Avenue, a seven-unit multifamily property in Mar Vista, one block south of the Venice Boulevard retail corridor. Built 1963, the property comprises 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. Two-story wood frame with seven parking spaces serving seven units and an arcaded street-facing elevation. Registered under the City of Los Angeles Rent Stabilization Ordinance. The investment case is near-term rent capture with no capital requirement. In-place rents run $1,643 to $2,146 per month against MLS leased comparables of $2,300 to $3,395 for two-bedroom product within 0.8 miles, for approximately 44.9% rent upside. Four of seven tenancies date to 2005 or earlier, and all seven leases are monthto- month with no fixed terms to wait out. Occupancy stands at 100% with zero delinquency across all seven units as of August 11, 2026, positioning the deal for 1031 buyers, family offices, and value-add operators seeking Westside exposure. 12727 Matteson Avenue, half a mile west, shares the subject’s 1963 vintage and 6,950 SF building area and asks $2,799 on renovated twobedroom units.

Property Details

Price:
$1,900,000
MLS #:
26875187
Status:
Active
Beds:
16
Baths:
13
Type:
Single Family
Neighborhood:
c13palmsmarvista
Listed Date:
Aug 20, 2026
Finished Sq Ft:
6,950
Total Sq Ft:
6,950
Lot Size:
7,503 sqft / 0.17 acres (approx)
Year Built:
1963
C13 – Palms – Mar VistaC13palmsmarvista

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Interior

Levels
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Exterior

Financial

Gross Operating Income
$157,056
Net Operating Income
$95,410

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Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Aug 24, 2026
8,012
Single Family Listed
85
Avg DOM
430
Avg $ / SqFt
$1,558,813
Avg List Price

Property Summary

    12231 Pacific AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90066. It is listed for $1,900,000 and features 16 beds, 13 baths, and has approximately 6,950 square feet of living space, and was originally constructed in 1963. The current price per square foot is $273. The average price per square foot for Single Family listings in Los Angeles is $430. The average listing price for Single Family in Los Angeles is $1,558,813.

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Los Angeles, CA