Listed by Brett Lyon, Lyon Stahl Investment Real Estate, Inc.,

12240 Pacific Avenue

Los Angeles, CA, 90066

$7,795,000

$1,096 per ft²
$7,795,000
$1,096 per ft²
Active
Active
 - For Sale
carpenters-square
7,108 ft²
property_type
Multi-family
calendar
Built 1964
Lyon Stahl Investment Real Estate is proud to present 12240 Pacific Ave in Los Angeles. This trophy 13-unit apartment building is located in the highly desirable Mar Vista submarket. The luxurious 7,108 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 (7) 1-bed/1-bath units, (4) studio apartments and (2) 2-bed/2-bath units , currently stabilizing at a 3.84% 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.
MLS® ID:
SB22155281
Listed:
7/17/22
Updated:
12/1/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
7,500 ft² lot
Lot Details
0-1 Unit/Acre
Sewer
Public Sewer

Other Property Details

Area Name
C13 - Palms - Mar Vista
HOA Amenities
Sidewalks
Garage
Yes
Garage Spaces
3
Parking
Y
Parking Total
3.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LAR3

Property History

Date
Event
Price
Value
11/18/22
Price Change
$7,795,000
-1%
10/24/22
Price Change
$7,895,000
-3%

Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/1/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 6:36 AM UTC, 12/1/22

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