12412 Pacific Avenue

Los Angeles, CA 90066

$7,300,000
Price
12
Beds
24
Baths
10,540 Sq. Ft.
$693 / Sq. Ft.
10,540
Sq. Ft.
$693
per Sq. Ft.

Description

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...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!
  1. Listed by Gregory Bega • DRE #00935802 • Brokerage DRE #00824452 • Sotheby's International Realty
  2. Listed by Lindsay Rae Galbraith • DRE #01873410 • Brokerage DRE #00824452 • Sotheby's International Realty

Property Details for 12412 Pacific Avenue

Zoning
LAR3
Style
Contemporary
Cross Streets
Centinela between Venice and Washington
Parcel Number
4235014002
Total Units
12.0
Living Area
10540
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)

Location

Listing Courtesy of Sotheby's International Realty, Gregory Bega, DRE #00935802; Sotheby's International Realty, Lindsay Rae Galbraith, DRE #01873410
Add your commute
LISTING UPDATED: 12/08/2023 03:27 PM

Property Details for 12412 Pacific Avenue

StatusActive
MLS #22-226173
Days on Market495
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2011
Lot Size0.18 AC / 7,802 SF
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Gregory Bega, DRE #00935802; Sotheby's International Realty, Lindsay Rae Galbraith, DRE #01873410
Add your commute

Building Information for 12412 Pacific Avenue

Stories3Residences-Year Built2011Building Size-Lot Size0.18 AC / 7,802 SF

Payment Calculator

$44,244 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,839

Property Taxes

$4,405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12412 Pacific Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 12
  • Pets Allowed: Pets Permitted
  • Senior Community: No
  • Management Company Name: Levine Mngt Group
  • Management Company Phone: 3103583489|ext
  • Management Company Phone2: 3103583489|ext
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Townhouse
  • View: Yes
  • View Description: City, City Lights, Hills, Tree Top, Skyline, Mountains, Panoramic, Coastline
  • View: City Lights, Hills, Mountain(s), Panoramic, Coastline
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Gated, Prewired for alarm system, Smoke Detector
  • Direction Faces: North
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Water District: LADWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Affordable Housing Qualified
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $366,300
  • Net Operating Income: $150,155.00
  • Gross Income: $366,300
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $19.90
  • Actual Annual Gross Rent: $366,300.00
  • Financial Info as Of: 12/19/2022
  • Lease Per Month Year: Full Term
  • Owner Pays: Water
  • Total Annual Expense: 150155
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1791
  • Lot Size Square Feet: 7802
  • Lot Size Dimensions: 62x128
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: Sidewalks, Single Lot, Street Asphalt, Street Lighting, Utilities Other, Automatic Gate, Curbs, Exterior Security Lights
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Assigned, Attached, Auto Driveway Gate, Driveway, Door Opener, Driveway - Concrete, Gated, Garage Is Attached, Private Garage, Side By Side
  • Total Parking: 12
  • Garage Spaces Total: 12
  • Parking Features: Assigned, Auto Driveway Gate, Driveway, Garage Door Opener, Concrete, Gated, Private, Side by Side
  • Attached Garage: Yes
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room, Primary Bathroom
  • Rooms: Living Room, Master Bedroom, Breakfast Bar, Patio Open
  • Levels: Three Or More
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Ceramic Tile
  • Equipment: Cable, Dishwasher, Dryer, Freezer, Elevator, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Washer, Vented Exhaust Fan, Stackable W/D Hookup, Refrigerator, Range/Oven, Other
  • Room Kitchen Features: Kitchen Open to Family Room
  • Kitchen Features: Quartz Counters, Counter Top, Galley Kitchen, Open to Family Room
  • Room Bathroom Features: Shower, Tile Counters, Low Flow Shower, Low Flow Toilet(s)
  • Bathroom Features: Shower Over Tub, Shower Stall, Tile, Low Flow Shower(s), Low Flow Toilet(s)
  • Bedroom Features: Master Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Gas, Gas/Electric Range, Oven-Gas, Oven, Range, Range Hood
  • Laundry: Laundry Closet Stacked, In Unit
  • Laundry Equipment: Own
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Roof: Flat
  • Patio Features: Roof Top Deck, Balcony
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structural Features: Balcony, Barbecue Private, High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-21-2022
  • Listing Terms: Contract
  • Rent Control: No
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $30,525.00
  • Unit Actual Rent: $30,525.00
  • Unit Projected Rent: $32,038.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106
  • Number of Dishwasher: 12
  • Number of Disposal: 12
  • Number of Electric Meters: 12
  • Number of Gas Meters: 12
  • Number Range: 12
  • Number Refrigerator: 12
  • Number Wall AC: 12
  • Number Water Meters: 12

Property History for 12412 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12412 Pacific Avenue

Taxable ValueLand$2,474,346Additions$1,802,736Total$4,277,082
Tax Record2023$52,861 ($4,405 / month)
Home Facts
Total Finished SqFt10,540 SqFtAbove Grade Finished SqFt10,540 SqFtLot Size7,802 SqFtStyleMulti-Family Res (5+ Units)Year Built2011ZoningLAR3CountyLOS ANGELESAPN4235-014-002

Schools near 12412 Pacific Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Grand View Boulevard Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Phoenix Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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12412 Pacific Avenue is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on December 21, 2022 by Sotheby's International Realty, it's currently listed at $7,300,000. It has been on the market for a total of 495 days and was last sold on December 30, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Grand View Boulevard Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 12412 Pacific Avenue is a 12-bed, 24-bath, 10,540 sqft multi-family home built in 2011.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Gregory Bega, DRE #00935802; Sotheby's International Realty, Lindsay Rae Galbraith, DRE #01873410

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.