12134 Pacific Ave, Los Angeles, CA 90066
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12134 Pacific Ave Los Angeles, CA 90066

$11,495,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$11,495,000 Get Pre-Qualified

Map preview of 12134 Pacific Ave, Los Angeles, CA 90066

Property Overview: 12134 Pacific Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 30,001 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: MAJOR PRICE REDUCTION!!! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. Owner can apply for additional density pursuant to the new State Density Bonus Law AB 1287. This will increase the density to 102 total units (82 Units plus 20 ADUs). Located within the heart of Mar Vista, this prime development site enjoys all the advantages of a thriving community. Nestled between the Pacific Ocean and vibrant urban centers, Mar Vista offers an idyllic coastal lifestyle with easy access to the city's amenities and jobhubs. Known for its picturesque streets, green spaces, and proximity to Silicon Beach, Mar Vista continues to attract residents seeking a balanced urban-coastal lifestyle. Mar Vista's real estate market has shown remarkable resilience and growth. This multifamily site is a strategic investment that aligns perfectly with the demand for housing in the area and undoubtedly will seamlessly blend with the neighborhood's character, providing a living experience that enhances the vibrant Mar Vista community. OM is available upon request.

Listed by Gary Fox | BRE #00847295 | Miller & Desatnik Realty Co.
Co-listed by Michael Wozniak | BRE #01856514 | Miller & Desatnik Realty Co.
Last checked: 7 minutes ago | Last updated: April 14th, 2024 | Source CRMLS | DOM: 261
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Home details

Lot Sq. Ft
30,001
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
23321909
City
Los Angeles
County
Los Angeles
Time on Site
272 days

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Property Details for 12134 Pacific Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Parcel Number: 4235025032
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located one block south of Venice Blvd. between Grand View Blvd. & Inglewood Blvd.
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Sale History for 12134 Pacific Ave

Last sold on December 11th, 1985
  • October, 2023

  • Oct 16, 2023

    Date

    Active

    CRMLS: 23321909

    $12,795,000

    Price

  • December, 1985

  • Dec 11, 1985

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12134 Pacific Ave

Assessed Value (2020): $1,420,311
Year Land Value Improved Value Assessed Value
2020 $520,775 $899,536 $1,420,311

Home Value Compared to the Market

This property vs the competition

12134 Pacific Ave is listed 857.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000.

About 12134 Pacific Ave

Detailed summary of property

12134 Pacific Ave is a land located in Los Angeles, CA 90066 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 30,001 square foot lot. 12134 Pacific Ave was first listed on ArdentRealEstateGroup.com on October 16, 2023. The homeowner is currently asking $11,495,000 and was originally asking $12,795,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 857.92% higher than the median priced home. Local competing homes currently for sale include 2234 W Glen Helen Rd and 0 Vellano Club Dr. While the average home in Los Angeles, CA is selling in 101 days, 12134 Pacific Ave has a days on market of 261 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 12134 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 12134 Pacific Ave

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
12,137
Lot Size
29,951
Stories
1
Type
Religious, Church, Worship (Synagogue, Temple, Parsonage)
Pool
No
Spa
No
County
Los Angeles
Lot#
65,66
APN
4235-025-032

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
$2,099,000
Median List Price/Sq.Ft.
$997
Median Sold Price
$2,037,000
Median Sold Price/Sq.Ft.
$1,103
Total Inventory
130
Median Sale to List Price %
102.11%
Avg Days on Market
25
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (13.89%), Other (11.11%)

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Related Resources to 12134 Pacific Ave

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.