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12011 Pacific Ave, Los Angeles, CA 90066
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12011 Pacific Ave Los Angeles, CA 90066

$3,150,000 Sold Price as of 12/29/2021
  • 12 Beds
  • 12 Baths
  • 7,718 Sq.Ft.
Sold
$3,150,000 Sold Price as of 12/29/2021 Refinance Your Mortgage
Map preview of 12011 Pacific Ave, Los Angeles, CA 90066

Property Overview: 12011 Pacific Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 7,718 living square feet and 7,507 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 9 Unit on the Westside located in Mar Visa. Same ownership for decades. Clean & well maintained. Soft Story work completed. Mostly copper plumbing, AC in all units, Patios in units 1,2,3,5,6 & 7. Individually Metered Gas & Electric. 5 Vacant units, some have been nicely renovated. Parking for all 9 units. Prime location situated between LA tech hubs of Silicon Beach & Downtown Culver City, home to the new Apple & Amazon developments along with other major technology companies including Google, Facebook, Apple, Netflix, Yahoo, YouTube, Nike, BuzzFeed, Electronic Arts and Sony. The area continues to attract established tech companies along with new startups. Close to Venice Beach & Marina Del Rey with happening restaurants, coffee shops, shopping & transportation nearby. True opportunity to acquire a well located apartment building on the Westside and add value. *Income Includes Actual & Projected. Adherence to CAR's Best Practices Guidelines & Prevention Plan, as well as the wearing of masks & any mandatory govt requirements is also required. DO NOT DISTURB Tenants, Inside with accepted offer.

Listed by Francyne Lambert | BRE #00827267 | Lambert Investments, Inc.
Last checked: 9 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
7,507
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21783414
City
Los Angeles
County
Los Angeles
Time on Site
969 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,102
  • Total Rent: $1,707
  • Pro Forma/Market Rent: $6,307
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $10,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.7
  • Gross Scheduled Income: --
  • Net Operating Income: $134,892
  • Gross Operating Income: $197,244
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12011 Pacific Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 9
  • Parcel Number: 4235024028
Location / Neighborhood
Location Information
  • Directions: South of Venice Boulevard, East of Centinela Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 12011 Pacific Ave

Last sold for $3,150,000 on December 29th, 2021

  • October, 2021

  • Oct 1, 2021

    Date

    Active

    CRMLS: 21783414

    $3,491,000

    Price

  • Sep 19, 2021

    Date

    Active Under Contract

    CRMLS: 21783414

    $3,491,000

    Price

  • Sep 14, 2021

    Date

    Active

    CRMLS: 21783414

    $3,491,000

    Price

  • August, 2015

  • Aug 31, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2012

  • Sep 28, 2012

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 12011 Pacific Ave

Assessed Value (2020): $295,424
Year Land Value Improved Value Assessed Value
2020 $66,781 $228,643 $295,424

Home Value Compared to the Market

This property vs the competition

12011 Pacific Ave sold on December 29, 2021 for 193.36% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $452.32 per/sqft which puts the price per square foot 40.09% lower than the current median sale per square foot for the city of Los Angeles.

About 12011 Pacific Ave

Detailed summary of property

12011 Pacific Ave is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 7,718 living square feet, and sits on an approximately 7,507 square foot lot. 12011 Pacific Ave was first listed on ArdentRealEstateGroup.com on September 14, 2021. The homeowner sold the property for $3,150,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 193.36% higher than the current median priced home. Local homes that are currently for sale include 3125 S Durango Ave, 1818 Midvale Ave and 1561 S Carmelina Ave. While the average home in Los Angeles, CA is selling in 93 days, 12011 Pacific Ave has a days on market of 46 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 12011 Pacific Ave Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12011 Pacific Ave

Public county record property details
Beds
12
Baths
12
Year built
1969
Sq. Ft.
7,718
Lot Size
7,507
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
4235-024-028

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,009
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
113
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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