
Multifamily listing
12445 pacific
sold in
Mar Vista
9 Units in Mar Vista @ 3.98% CAP & 15.39 GRM
Sold At
$
2,800,000
9
Number of Units
1963
Year Built
7,220
SF
Square Footage
6,970
SF
Lot Size
LAR3
Zoning
12445 Pacific Ave, Los Angeles, CA 90066
About the Property
12445 Pacific Ave is a 9-unit multi-family investment opportunity is located in the rapidly growing Westside neighborhood of Mar Vista. The property is just a short bike ride to Venice Beach, Marina Del Rey, Santa Monica as well as walking distance to a myriad of coffee shops, restaurants, shopping, and the Mar Vista Farmers Market. Entertainment value and proximity to a variety of Westside neighborhoods add to this property's long-term appreciation.The property has been well maintained and consists of mostly two-bedroom units with copper plumbing and has approximately 11 parking spots. The LONG TERM OWNER has never approached tenants for relocation and with 64% upside in rents, this is a significant opportunity to add value in an A+ location.
12445 Pacific Ave.
Culver City / Mar Vista / Palms
Listed Price
$
Number of Units
9 Units
Price per. Unit
$311,111
Bldg. Size
7,220 SF
Price per Foot
$388
Lot Size
6,970 SF
Year Built
1963
Current CAP
3.98%
Market CAP
6.91%
Zoning
LAR3
Download the OM to view Property Highlights, Financials & Sales Comparables
Price P/ Unit
$311,111
Price p/ Sq. ft.
$388
Proforma Cap Rate
6.91%




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Sales agent
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