Property Detail

12231 Pacific

Los Angeles CA 90066

$1,500,000

Status: Active

Property Details

Description

Prime Mar Vista Value-Add Opportunity: 7-Unit Multifamily with Approx 44.9% Rent Upside! A highly attractive seven-unit multifamily asset in the heart of Mar Vista, located just one block south of the vibrant Venice Boulevard retail corridor. Built in 1963, this two-story, wood-frame property features a distinctive arcaded street-facing elevation and spans 6,950 SF on a 7,501 SF lot. The property boasts an exceptional, family-friendly unit mix comprising five spacious 2-bedroom/2-bathroom units (approx. 900 SF) and two large 3-bedroom/2-bathroom units (approx. 1,100 SF). It also provides seven on-site parking spaces to serve the seven units. Investment Highlights: Massive Value-Add Potential: In-place rents currently range from $1,643 to $2,146 per month. With nearby renovated two-bedroom comps asking $2,300 to $3,395 (including a nearly identical 1963-vintage property just a half-mile away leasing at $2,799), the asset offers an estimated 44.9% rent upside. Ultimate Lease Flexibility: All seven units are on month-to-month leases with no fixed terms to wait out, allowing new ownership immediate flexibility to execute a near-term rent capture strategy. Stable, Proven Cash Flow: The property is 100% occupied with zero delinquency across all units as of August 2026. Four of the seven tenancies are long-term, dating back to 2005 or earlier. Low Initial CapEx: The investment case centers on immediate rent capture rather than heavy foundational capital requirements. Subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), this property is perfectly positioned for 1031 exchange buyers, family offices, and value-add operators seeking highly stable, upside-rich exposure in a premier Westside market.

Map Location

Listing provided courtesy of Trea Erdmann of Dwelo Agency. Last updated 2026-11-02 09:10:58.000000. Listing information © 2025 CRMLS.

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Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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