We are pleased to present 12231 Pacific Avenue, a seven-unit multifamily property in Mar Vista, one block south of the Venice Boulevard retail corridor. Built 1963, the property comprises five 2BD\/2BA units of approximately 900 SF and two 3BD\/2BA units of approximately 1,100 SF across 6,950 SF on a 7,501 SF lot. Two-story wood frame with seven parking spaces serving seven units and an arcaded street-facing elevation. Registered under the City of Los Angeles Rent Stabilization Ordinance. The investment case is near-term rent capture with no capital requirement. In-place rents run $1,643 to $2,146 per month against MLS leased comparables of $2,300 to $3,395 for two-bedroom product within 0.8 miles, for approximately 44.9% rent upside. Four of seven tenancies date to 2005 or earlier, and all seven leases are monthto- month with no fixed terms to wait out. Occupancy stands at 100% with zero delinquency across all seven units as of August 11, 2026, positioning the deal for 1031 buyers, family offices, and value-add operators seeking Westside exposure. 12727 Matteson Avenue, half a mile west, shares the subject’s 1963 vintage and 6,950 SF building area and asks $2,799 on renovated twobedroom units.<\/p>","protected":false},"excerpt":{"rendered":"
We are pleased to present 12231 Pacific Avenue, a seven-unit multifamily property in Mar Vista, one block south of the Venice Boulevard retail corridor. Built 1963, the property comprises five 2BD\/2BA units of approximately 900 SF and two 3BD\/2BA units of approximately 1,100 SF across 6,950 SF on a 7,501 SF lot. Two-story wood frame […]<\/p>\n","protected":false},"author":1,"featured_media":4590373,"parent":0,"menu_order":0,"template":"","property_type":[],"property_status":[1034],"property_feature":[],"property_label":[85],"property_country":[],"property_state":[103],"property_city":[40],"property_area":[],"class_list":["post-4590371","property","type-property","status-publish","has-post-thumbnail","hentry","property_status-residential-income","property_label-active","property_state-los-angeles","property_city-los-angeles"],"property_meta":{"_mlsimport_listing_key":["1183446351"],"MLSimport_item_inserted":["94072"],"fave_property_land_postfix":["Square Feet"],"fave_property_year":["1963"],"fave_property_address":["Pacific"],"fave_property_price":["1700000"],"fave_property_land":["0.1722"],"fave_property_bedrooms":["16"],"fave_property_size":["6950"],"fave_property_bathrooms":["0"],"fave_property_country":["United States"],"fave_property_zip":["90066"],"fave_property_map_address":["12231 Pacific Avenue"],"houzez_geolocation_long":["-118.431595"],"houzez_geolocation_lat":["34.003705"],"fave_property_id":["26875187"],"property_bathrooms":["0"],"REAL_HOMES_property_bathrooms":["0"],"fave_contact-mail":["info@laaa.com"],"fave_brokered-by":["Marcus & Millichap"],"fave_listed-by":["Filip Niculete"],"fave_dre":["01905352"],"mlsimport_stored_modification_timestamp":["2026-09-10T19:03:32.483-00:00"],"mlsimport_synced_mod":["1789067012"],"mlsimport_stored_write_config_version":["cbeb9f57de1c6565937309b36393a1e55515b1366bb096892bba9eb4f914a943"],"fave_property_location":["34.003705,-118.431595"],"property_location":["34.003705,-118.431595"],"additional_features":["a:0:{}"],"fave_agents":["0"],"fave_agent_display_option":["agent_info"],"fave_featured":["0"],"houzez_featured_listing_date":[""],"fave_property_map":["1"],"fave_property_map_street_view":["show"],"fave_single_top_area":["global"],"fave_single_content_area":["global"],"fave_additional_features_enable":["enable"],"fave_property_size_prefix":["Sq Ft"],"fave_property_images":["4590373","4590374","4590375","4590376","4590377"],"_thumbnail_id":["4590373"],"houzez_total_property_views":["8"],"houzez_views_by_date":["a:3:{s:10:\"09-10-2026\";i:2;s:10:\"09-11-2026\";i:2;s:10:\"09-12-2026\";i:4;}"],"houzez_recently_viewed":["2026-09-12 15:16:14"],"_elementor_page_assets":["a:0:{}"]},"yoast_head":"\n