We are pleased to exclusively offer this A+ location 7-unit multifamily property located at 12231 Pacific Avenue in the heart of Mar Vista. The 6,950 square foot building features a well-designed unit mix of (4) 2-bedroom, 2-bathroom unit and (2) 3-bedroom, 2-bathroom units and (1) 2-bedroom, 1-bathroom unit. This asset… Read More presents a unique "blank slate" opportunity for an investor to implement a value-add business plan. The strategy involves renovating the units to modern standards targeting a gross monthly income of $23,000. This represents a 24.3% increase over the pro-forma gross monthly rent of $18,500. 12 parking spaces and laundry room in complex with potential for increased revenue. Read Less
Property listed by Compass, Raisa Lobo 310-259-7556
Listing Snapshot
Days Online
35
Last Updated
Beds
16
Square Ft.
6,950
Lot Size
0.17 Acres
Year Built
1963
MLS Number
26659095
Additional Details
Building
Built in 1963, Living area: 6950.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $222,000, Net Operating Income: $155,400
Laundry
CommonArea
Lot
0.1722 acres
Parking
12 total parking spaces, Driveway
Taxes
Parcel Number: 4235023025, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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