Date
Details
Price
Change
Source
3/03/2026
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$2,600,000 Just Listed
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1/23
Property Description
We are pleased to exclusively offer this A+ location 7-unit multifamily property located at 12231 Pacific Avenue in the heart of Mar Vista. The 6,950 square foot building features a well-designed unit mix of (4) 2-bedroom, 2-bathroom unit and (2) 3-bedroom, 2-bathroom units and (1) 2-bedroom, 1-bathroom unit. This asset presents a unique "blank slate" opportunity for an investor to implement a value-add business plan. The strategy involves renovating the units to modern standards targeting a gross monthly income of $23,000. This represents a 24.3% increase over the pro-forma gross monthly rent of $18,500. 12 parking spaces and laundry room in complex with potential for increased revenue.
Full Property Details
Full Property Details for 12231 Pacific Ave
General
- Price: $2,600,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26659095
- Updated: Today (3/3/2026)
- Added to Site: Today
Rooms
Bathrooms
- Total Bathrooms: 13
Bedrooms
- Total Bedrooms: 16
Other Rooms
- Laundry: Community
Additional Information
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Palms - Mar Vista
- County: Los Angeles
- Driving Directions: West on Pacific from Grand View
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 6,950
- Sq. Ft. Source: Assessor
- Year Built: 1963
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 7
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1722
- Lot Size: 7503
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $374.1
- Assessment Year: 1963
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4235-023-025
Listed by Compass, Raisa Lobo and Compass, Jennifer Portnoy
We Value Your Privacy
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Listing agents
— 12231 Pacific Ave —
Raisa Lobo
Compass
Jennifer Portnoy
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 12231 Pacific Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Grand View Boulevard Elementary School 3951 Grand View Boulevard, Los Angeles, CA 90066 | K-5 | 0.1 mi |
Marina Del Rey Middle School 12500 Braddock Drive, Los Angeles, CA 90066 | 6-8 | 1.3 mi |
Venice Senior High School 13000 Venice Boulevard, Los Angeles, CA 90066 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12231 Pacific Ave
Tax History
Tax History for 12231 Pacific Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,004
4%
$1,064,507
4%
2023
$13,513
5%
$1,023,173
2%
2022
$12,926
1%
$1,003,112
2%
2021
$12,736
-1%
$983,444
1%
2020
$12,853
4%
$973,361
2%
2019
$12,378
1%
$954,276
2%
2018
$12,231
2%
$935,566
2%
2017
$11,939
3%
$917,222
2%
2016
$11,609
1%
$899,238
2%
2015
$11,450
-1%
$885,732
2%
2014
$11,529
—
$868,383
—
2013
$11,513
—
$864,460
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12231 Pacific Ave
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- Multi-Family
- Active
- Updated 7 days ago
- 15Total Beds
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- Commercial
- Active
- Updated 3 days ago
- 1,608Sq. Ft.
- 0.0527Acres
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- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 5Total Baths
- 4,179Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,182Sq. Ft.
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- Single Family
- Closed
- Updated 11 days ago
- 4Beds
- 4Total Baths
- 2,907Sq. Ft.
12231 Pacific Ave, Los Angeles, CA 90066 (MLS# 26659095) is a Multi-Family property with units containing 16 bedrooms and 0 full bathrooms. 12231 Pacific Ave is currently listed for $2,600,000 and was received on March 03, 2026. Want to learn more about 12231 Pacific Ave? Do you have questions about finding other Multi-Family real estate for sale in Mar Vista? You can browse all Mar Vista real estate or contact a Coldwell Banker agent to request more information.