NOT LISTED FOR SALE

12814 Pacific Ave Los Angeles, CA 90066

Mar Vista Neighborhood
11 Beds
11 Baths
6,178 Sq Ft
7,098 Sq Ft Lot

Last Sold September 12, 2023

Last sale price $2,100,000 $340 Per Sq Ft

22 Days on Market

About This Home

As of September 2023

PORTFOLIO SALE the offering is also being sold with 3739 Inglewood Blvd, 4238 Lindblade Dr, 12625 Mitchell Ave, 12806 Matteson Ave & 12811 Matteson Ave - This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 03/27/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Bryan Glenn

Kidder Mathews of California, Inc. License #01441095

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,098

Parking

  • On-Street Parking

Home Design

  • 6,178 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Additional Features

  • 7,098 Sq Ft Lot
  • Heating Available

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 4236-015-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 6178
  • Lot Acreage: 0.1630
  • Year Built: 1964
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 388.48

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Above Street Level

Utilities

  • Cooling: Air Conditioning
  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 72.27
  • Assessed Improvement Value: 169091
  • Assessed Land Percent: 27.73
  • Assessed Land Value: 64889
  • Total Assessed Value: 233980
  • Assessor Parcel Number: 4236-015-015
  • Lot Size Area: 7098

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.92
  • Number Of Units: 9
  • Total Annual Expense: 77475
  • Type Of Units: 2
  • Vacancy Rate: 0

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

Property History

Date Event Price Change Sq Ft Price
09/12/2023 09/12/23 Sold $2,100,000 -12.5% $340 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $2,400,000 -- $388 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Monempour

    Seller's Agent in 2023

    Michael Monempour

    Lyon Stahl Investment Real Estate, Inc.

    (310) 270-8423

    5 in this area

    47 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2023

    Bryan Glenn

    Kidder Mathews of California, Inc.

    (858) 369-3010

    4 in this area

    15 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 23-254631

The MLS

California Los Angeles County Los Angeles 90066 Mar Vista

12814 Pacific Ave, Los Angeles, CA

This home is located at 12814 Pacific Ave, Los Angeles, CA 90066 since 27 March 2023. This property was built in 1964. 12814 Pacific Ave is a home located in Los Angeles County with nearby schools including Beethoven Street Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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