NOT LISTED FOR SALE

12616 Pacific Ave Unit 1 Los Angeles, CA 90066

Mar Vista Neighborhood

Estimated Value: $1,005,000 - $1,336,000

2 Beds
3 Baths
1,343 Sq Ft
$450/mo HOA Fee

Last Sold October 11, 2023

Last sale price $1,108,000 $825 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,463/month

10 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room with Fireplace
  • Walk-In Closet
  • Venice High School Rated A
  • Side by Side Parking
  • Views

About This Home

As of October 2023

Welcome to your sun-drenched sanctuary in the heart of Mar Vista! This 2-bedroom, 2.5-bathroom townhouse is a true gem, offering an abundance of natural light and a lifestyle that's second to none. Recently updated throughout, this spacious unit offers an open concept living and dining area with a wet bar, beckoning you to relax and entertain in style, while the new flooring throughout adds an elegant touch. The bright kitchen is off the entry with a half bath on the main floor and a lovely side patio for outdoor enjoyment. Upstairs, you'll find two spacious primary suites, each with its own bathroom and large walk-in closets, one is even cedar lined. A side by side laundry room separates the two bedrooms upstairs. With only 6 units in the complex, this front facing unit is the largest of the floorplans with only one shared common wall. 2 parking spaces side by side in the gated electric garage below provide ample parking and storage areas. Enjoy this prime location in Mar Vista, while you're just moments away from trendy restaurants, shops, and the vibrant Mar Vista Farmers Market. And with easy access to the beach, Marina del Rey, and Culver City, you'll have the best of the Westside at your fingertips.

Last Agent to Sell the Property

Eugene Ridenour

Compass License #01352359 Listed on: 09/12/2023

Compass

Co-Listed By

Kurt Wisner

Compass License #01431217

Last Buyer's Agent

Matt Isbell

Compass License #01825694

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,376

Year Built

  • Built in 1979

Lot Details

  • 6,974

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Parking Garage Space

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,343 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Vinyl Flooring
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4235-003-040

Community Details

Overview

  • 6 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,376

Year Built

Built in 1979

Lot Details

0

HOA Fees

$450 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: 12616 Pacific Owners Association
  • Entry Floor: 1
  • Living Area: 1343
  • Lot Acreage: 0.1601
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1979
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Decorative
  • Flooring: Vinyl
  • Bedrooms: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area, Inside, On Upper Level
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Dishwasher, Microwave, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 632.17

Exterior Features

  • Pool: No
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Community Garage, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Central, Air Conditioning
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 450.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4235-003-040
  • Lot Size Area: 6974

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2024
Sold by
Shaw Ivan and Parker Tess
Bought by
Shaw Ivan and Parker Tess
Current Estimated Value
$1,126,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$346,321
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$780,555

Purchase Details

Listed on
Sep 12, 2023
Closed on
Sep 25, 2023
Sold by
Gail Eo Schaefer Trust
Bought by
Shaw Ivan and Parker Tess
Seller's Agent
Eugene Ridenour
Compass
Buyer's Agent
Matt Isbell
Compass
List Price
$849,000
Sold Price
$1,108,000
Premium/Discount to List
$259,000
30.51%
Views
852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.83%
Original Mortgage
$708,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2023
Sold by
Ozaki Schaefer Gail Ellen
Bought by
Gail E O Schaefer Trust and Ozaki
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shaw Ivan -- --
Shaw Ivan $1,108,000 Lawyers Title
Gail E O Schaefer Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw Ivan $350,000
Previous Owner Shaw Ivan $708,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $1,108,000 +30.5% $825 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $849,000 -- $632 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,376 $1,130,160 $896,172 $233,988
2024 $13,376 $1,108,000 $878,600 $229,400
2023 $4,725 $386,650 $250,351 $136,299
2022 $4,507 $379,070 $245,443 $133,627
2021 $4,443 $371,638 $240,631 $131,007
2019 $4,308 $360,617 $233,495 $127,122
2018 $4,279 $353,547 $228,917 $124,630
2016 $4,081 $339,821 $220,029 $119,792
2015 $4,020 $334,717 $216,724 $117,993
2014 $4,039 $328,161 $212,479 $115,682
Source: Public Records

Agents Affiliated with this Home

  • Eugene Ridenour

    Seller's Agent in 2023

    Eugene Ridenour

    Compass

    (323) 855-4380

    1 in this area

    60 Total Sales

    Eugene Ridenour
    Section Image
  • Kurt Wisner

    Seller Co-Listing Agent in 2023

    Kurt Wisner

    Compass

    (323) 841-3839

    1 in this area

    387 Total Sales

    Kurt Wisner
    Section Image
  • Matt Isbell

    Buyer's Agent in 2023

    Matt Isbell

    Compass

    (310) 259-7450

    4 in this area

    65 Total Sales

    Matt Isbell
    Section Image
  • Kelli Isbell

    Buyer Co-Listing Agent in 2023

    Kelli Isbell

    Compass

    (310) 820-0195

    5 in this area

    56 Total Sales

    Kelli Isbell
    Section Image
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Map

Source: The MLS

MLS Number: 23-308843

The MLS

APN: 4235-003-040

California Los Angeles County Los Angeles 90066 Mar Vista

12616 Pacific Ave Unit 1, Los Angeles, CA

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