12240 Pacific Ave Los Angeles, CA 90066

$4,140,000 Sold Price as of 07/24/2018

10 Beds
13 Baths
6,532 Sq.Ft.

Off Market

$4,140,000 Sold Price as of 07/24/2018 Refinance Your Mortgage

Map preview of 12240 Pacific Ave, Los Angeles, CA 90066

Property Overview: 12240 Pacific Ave Los Angeles, CA has 10 bedrooms, 13 bathrooms, 6,532 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

12240 Pacific Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 12240 Pacific Ave

Last sold for $4,140,000 on July 24th, 2018

December, 2023
Dec 31, 2023

Date

Expired

CRMLS: SB22155281

$5,999,000

Price
Jul 18, 2022

Date

Active

CRMLS: SB22155281

$8,175,000

Price
Listing provided courtesy of CRMLS

12240 Pacific Ave in Los Angeles. This trophy 13-unit apartment building is located in the highly desirable Mar Vista submarket. The luxurious 7,108 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 (2) 2-bed/2-bath units, (7) 1-bed/1-bath units and (4) studio apartments, currently stabilizing at a 5.29% 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.

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March, 2020
Mar 30, 2020

Date

Canceled

CRMLS: SB19248475

$6,350,000

Price
Jan 13, 2020

Date

Price Change

CRMLS: SB19248475

$6,350,000

Price
Oct 22, 2019

Date

Active

CRMLS: SB19248475

$6,899,000

Price
Listing provided courtesy of CRMLS

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.

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August, 2018
Aug 3, 2018

Date

Sold

CRMLS: 18326264

$4,140,000

Price
Jul 9, 2018

Date

Active Under Contract

CRMLS: 18326264

$4,250,000

Price
Mar 24, 2018

Date

Active

CRMLS: 18326264

$4,250,000

Price
Listing provided courtesy of CRMLS

Pacific Avenue Apartments, an 11-unit building in the heart of Mar Vista of which ten units will be delivered vacant. This is a unique opportunity for repositioning buyers to take advantage of a rare vacant building at a 'Main & Main' Mar Vista location.The property is one block from thriving Venice Boulevard and Centinela Avenue, complete with trendy restaurants, coffee shops, and specialty markets. The intersection is at the center of Mar Vista, one of the hottest submarkets in Los Angeles.

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July, 2018
Jul 24, 2018

Date

Sold (Public Records)

Public Records

$4,140,000

Price
September, 2017
Sep 11, 2017

Date

Sold (Public Records)

Public Records

$2,680,000

Price

Tax History for 12240 Pacific Ave

Assessed Value (2020): $4,226,800

Year	Land Value	Improved Value	Assessed Value
2020	$3,202,800	$1,024,000	$4,226,800

About 12240 Pacific Ave

Detailed summary of property

12240 Pacific Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90066 and last sold on July 24, 2018 for $4,140,000. This property has 10 bedrooms, 13 bathrooms, roughly 6,532 living square feet, and sits on an approximately 7,499 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 294.29% higher than the current median priced home. 12240 Pacific Ave was last sold on July 24, 2018 for $4,140,000. Local nearby listings include 3917 Mclaughlin Ave, 4229 Campbell Dr and 3580 Wasatch Ave. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 12240 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 12240 Pacific Ave

Public county record property details

Beds: 10
Baths: 13
Year built: 1964
Sq. Ft.: 6,532
Lot Size: 7,499
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 73
APN: 4235-022-006

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

$2,100,000

Median List Price/Sq.Ft.

$1,002

Median Sold Price

$1,925,000

Median Sold Price/Sq.Ft.

$1,050

Total Inventory

112

Median Sale to List Price %

104.05%

Avg Days on Market

Loan Type

Conventional (17.39%), FHA (0%), VA (0%), Cash (0%), Other (13.04%)

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(714) 706-1823

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