12412 Pacific Ave, Los Angeles, CA 90066
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12412 Pacific Ave Los Angeles, CA 90066

$7,300,000
  • 12 Beds
  • 12 Baths
  • 10,540 Sq.Ft.
For Sale
$7,300,000 Get Pre-Qualified

Map preview of 12412 Pacific Ave, Los Angeles, CA 90066

Property Overview: 12412 Pacific Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 10,540 living square feet and 7,802 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: 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!

Listed by Gregory Bega | BRE #00935802 | Sotheby's International Realty
Co-listed by Lindsay Rae Galbraith | BRE #01873410 | Sotheby's International Realty
Last checked: 11 minutes ago | Last updated: December 8th, 2023 | Source CRMLS | DOM: 465
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Home details

Lot Sq. Ft
7,802
HOA Dues
$0/mo
Year built
2011
Garage
12 Car
Property Type:
Multi Family
Status
Active
MLS#
22226173
City
Los Angeles
County
Los Angeles
Time on Site
490 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 12
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $30,525
  • Total Rent: $30,525
  • Pro Forma/Market Rent: $32,038
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: 19.9
  • Gross Scheduled Income: --
  • Net Operating Income: $150,155
  • Gross Operating Income: $366,300
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 12412 Pacific Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Room Information
  • Flooring: Wood
  • Living Room, Primary Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Gas Cooktop, Gas Range, Gas Oven, Oven, Range, Range Hood
Interior Features
  • Levels: Three Or More
  • Window Features: Double Pane Windows
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned, Auto Driveway Gate, Driveway, Garage Door Opener, Concrete, Gated, Private, Side by Side
Property Information
  • Has View
  • View: City Lights, Hills, Mountain(s), Panoramic, Coastline
  • Total # of Units: 12
  • Parcel Number: 4235014002
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Venice Blvd to Centinela to Pacific Ave
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Sale History for 12412 Pacific Ave

Last sold for $3,540,035 on February 24th, 2012
  • December, 2022

  • Dec 21, 2022

    Date

    Active

    CRMLS: 22226173

    $7,300,000

    Price

  • February, 2012

  • Feb 24, 2012

    Date

    Sold (Public Records)

    Public Records

    $3,540,035

    Price

  • March, 2011

  • Mar 25, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12412 Pacific Ave

Assessed Value (2020): $4,068,847
Year Land Value Improved Value Assessed Value
2020 $2,353,879 $1,714,968 $4,068,847

Home Value Compared to the Market

This property vs the competition

12412 Pacific Ave is listed 484.47% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $692.6 per/sqft which puts the price per square foot 10.29% lower than the median price per square foot for the city of Los Angeles.

About 12412 Pacific Ave

Detailed summary of property

12412 Pacific Ave is a multi family located in Los Angeles, CA 90066 and is currently for sale. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 10,540 living square feet, and sits on an approximately 7,802 square foot lot. 12412 Pacific Ave was first listed on ArdentRealEstateGroup.com on December 21, 2022. The homeowner is currently asking $7,300,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 484.47% higher than the median priced home. Local competing homes currently for sale include 1439 N Curson Ave, 2709 W Pico Blvd and 641 N Hobart Blvd. While the average home in Los Angeles, CA is selling in 97 days, 12412 Pacific Ave has a days on market of 465 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. For more information on this home for sale at 12412 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 12412 Pacific Ave

Public county record property details
Beds
12
Baths
--
Year built
2011
Sq. Ft.
10,540
Lot Size
7,802
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
4235-014-002

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
27
Loan Type
Conventional (17.39%), FHA (0%), VA (0%), Cash (0%), Other (13.04%)

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Related Resources to 12412 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.