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
See this Listing
Schools
Interior
Levels
U
Exterior
Financial
Map
Community
- Address12231 Pacific AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90066
Subdivisions in Los Angeles
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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