12240 Pacific Avenue, Los Angeles, CA 90066 (MLS # SB19248475)

Price $6,899,000
Status Active
Beds 0
Baths 0 Bath
Home size 6,532 sqft
Lot Size 7,502 sqft
Days on Market 31
12240 Pacific Ave, Los Angeles is a trophy 13-unit apartment building located in a highly desirable Mar Vista submarket. The luxurious 6,532 SF building is situated on a 7,500 SF lot and has been completely remodeled with top-of-the-line upgrades. This property features a unit mix of (9) 1-bed/1-bath units and (4) studio apartments, currently stabilizing at a 3.81% CAP rate.* The entire property has undergone the following renovations: in-unit Washer/Dryers, Wood Plant Waterproof Flooring, New SS Kitchen Appliances, New Quartz Kitchen Countertops with New ‘Soft-Close’ Cabinets, Subway Tile Backsplashes, SS Farmhouse Sinks, Completely Renovated Bathrooms with Full Slab Quartz Tub Surrounds, All New LED Interior Lighting, Instant Hot Water, and High Speed Internet throughout the units. The property is in one of Los Angeles’ Westsides hottest submarkets, just a short distance from Venice, Culver City, Santa Monica, and the prime retail corridors on Rose Avenue and Abbot Kinney Boulevard. This is a perfect opportunity for a yield-focused investor looking to purchase a turn-key asset in one of the most desirable rental markets in Southern California.
Property Type(s): Residential Income
Last Updated 10/22/2019 Year Built 1964
Community C13 - Palms - Mar Vista County Los Angeles

Additional Details

AREAC13 - Palms - Mar Vista
LOT7501 sq ft
LOT DESCRIPTIONPaved
POOL DESCRIPTIONNone
SEWERPublic Sewer
WATERPublic
ZONINGLAR3

Location

 

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Listing provided by : Brett Lyon CalDRE: 01717818, Lyon Stahl Investment Real Estate, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/22/19 6:39 AM PST and /or other sources. 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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