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$ 2,350,000
Est. payment | /mo
6,950 SqFt
$ 2,350,000
Est. payment | /mo
6,950 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,950 sqft
Price per Sqft $338
MLS Listing ID CL26659095
HOA Y/N No
Year Built 1963
Lot Size 7,503 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 4235023025
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Listed by Raisa Lobo • Compass
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