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Listing ID22226173
Price$7,300,000
Price/SqFt$692.60
StatusActive
SqFt
10,540
Acres
0.179
CountyLos Angeles
Year Built2011
Property TypeResidential Income
First time on the Market! Located in the heart of Mar Vista, well known as one of the most upcoming and trendy areas on the West Side. 12412 Pacific Avenue is a 12 unit, relatively new apartment building built to the highest standards in 2011. 100% occupied, Pacific Avenue has large one bedroom and 1+1/1/2-bathroom townhome style units. Ten units have a bedroom and master bathroom on the second floor, with the living room, kitchen, and half bath on the third floor. Secured entrance assigned parking is conveniently located in the building. All units have an oversized, private rooftop deck accessible through a third story staircase. Unit amenities include laundry washer/dryer in all units. All units have very rare Private Rooftop Decks. Qortstone Countertops and Hardwood Floors Stainless Steel Appliances: Gas Stove/Range, Fridge, Dishwasher, Microwave Cable ready Dual pane windows, mirrored closets, central air, and air conditioning. The living rooms feature hardwood floors while the bathrooms feature modern, ceramic tile flooring. Perfectly located near Silicone Beach, Venice Pier and Boardwalk, Santa Monica, Century City and Culver City and other beach cities that are easily accessible. Transportation options are endless when you are so close by the MTA Expo Line and the BLUE BUS. Not to mention how easy it is to access 10 FWY and 405 FWY to go to and from the property. This city serves as a host to several great events such as Street Food Chic, Culver City Annual Holiday Art Show, Hoops for Heroes, and the Farmers Market. Mar Vista was featured in the L.A.'s Times as an awesome city catering to many new businesses ranging from popular Coffee Roasters, great delicious restaurants, or skip to the next beach city with a quick commute. Endless options to this great location!
County
Los Angeles
Price/SqFt
692.6
Property Type
Residential Income
Year Built
2011
Zoning
LAR3
Appliances
yes
Appliances
Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Gas Cooktop, Gas Range, Gas Oven, Oven, Range, Range Hood
Cooling
yes
Cooling Type
Central Air
Flooring
Wood
Garage Spaces
12
Heating
yes
Heating Type
Central
Laundry
yes
Laundry Features
Washer Included, Dryer Included, Stackable
Levels
Three Or More
Room Type
Living Room, Primary Bathroom
Stories Total
3
Architectural Style
Contemporary
Entry Location
Ground Level w/steps
Lot Size Area
7802
Lot Size Dimensions
62x128
Lot Size Square Feet
7802
Number Of Buildings
1
Parking
yes
Parking Features
Assigned, Auto Driveway Gate, Driveway, Garage Door Opener, Concrete, Gated, Private, Side by Side
Parking Total
12
Sewer
Other
View
yes
View Type
City Lights, Hills, Mountain(s), Panoramic, Coastline
Water Source
Public
Window Features
Double Pane Windows
Country
US
Direction Faces
North
MLS Area Major
C13 - Palms - Mar Vista
Additional Parcels
no
Association
no
Association Management Name
Levine Mngt Group
Co List Agent State License
01873410
Co List Office State License
00899496
Days On Market
352
List Agent State License
00935802
List Office State License
00899496
Lot Size Units
Square Feet
New Construction
no
Number Of Separate Electric Meters
12
Number Of Separate Gas Meters
12
Number Of Separate Water Meters
12
Number Of Units Total
12
Parcel Number
4235014002
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
Senior Community
no
Cap Rate
3
Gross Multiplier
19.9
Gross Operating Income
366300
Net Operating Income
150155
Rent Control
no
Special Listing Conditions
Standard
Tenant Pays
Gas, Electricity
Total Expenses
150155
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Westside Property Group or one of their associates. Last updated Thursday, April 18th, 2024.
Based on information from CARETS as of Thursday, April 18th, 2024 10:48:09 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Thursday, April 18th, 2024 10:48:09 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
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