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12423 Pacific Ave #105, Los Angeles, CA 90066
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12423 Pacific Ave #105 Los Angeles, CA 90066

$2,570,000 Sold Price as of 11/09/2020
  • 11 Beds
  • 11 Baths
  • -- Sq.Ft.
Sold
$2,570,000 Sold Price as of 11/09/2020 Refinance Your Mortgage
Map preview of 12423 Pacific Ave #105, Los Angeles, CA 90066

Property Overview: 12423 Pacific Ave #105 Los Angeles, CA has 11 bedrooms, 11 bathrooms, -- living square feet and 7,013 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well maintained 9 unit apartment building in Mar Vista. The property consists of 7 - 1 bedroom + 1 bath and 2 - 2 bedroom + 2 bath units. The building is 7,422 square feet and it sits on a 6,992 square foot lot. It is individually metered for gas and electricity. The units are large with fireplaces and there is upside in the rents. It is located in the high demand area of Mar Vista, just minutes to the beach. The area is growing with entertainment and technology companies such as Amazon, Google, Apple, Sony and HBO opening offices nearby. There are several new apartment and commercial buildings under construction in the area. Close to shops, restaurants and easy access to the 405 and 10 freeways. The property will require the earthquake soft story retrofit work to be completed.

Listed by Michael A Salerno | BRE #01212427 | Miller & Desatnik Realty Co.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
7,013
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20611396
City
Los Angeles
County
Los Angeles
Time on Site
1208 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,597
  • Total Rent: $1,597
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,848
  • Total Rent: $1,848
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,867
  • Total Rent: $1,867
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,716
  • Total Rent: $1,716
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,871
  • Total Rent: $1,871
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,709
  • Total Rent: $1,709
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,594
  • Total Rent: $1,594
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.94
  • Gross Scheduled Income: --
  • Net Operating Income: $115,235
  • Gross Operating Income: $184,095
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12423 Pacific Ave #105

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4235013015
Location / Neighborhood
Location Information
  • Directions: 1 block South of Venice Blvd., West of Centinela
View more facts & features

Local Los Angeles Agent

Sale History for 12423 Pacific Ave #105

Last sold for $2,570,000 on November 9th, 2020

  • November, 2020

  • Nov 9, 2020

    Date

    Sold

    CRMLS: 20611396

    $2,570,000

    Price

  • Oct 2, 2020

    Date

    Pending

    CRMLS: 20611396

    $2,895,000

    Price

  • Jul 30, 2020

    Date

    Active

    CRMLS: 20611396

    $2,895,000

    Price

  • November, 2020

  • Nov 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,570,000

    Price

  • May, 2018

  • May 25, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12423 Pacific Ave #105

Assessed Value (2020): $1,300,301
Year Land Value Improved Value Assessed Value
2020 $780,026 $520,275 $1,300,301

Home Value Compared to the Market

This property vs the competition

12423 Pacific Ave #105 sold on November 9, 2020 for 143.28% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 12423 Pacific Ave #105

Detailed summary of property

12423 Pacific Ave #105 is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 11 bedrooms, 11 bathrooms, roughly -- living square feet, and sits on an approximately 7,013 square foot lot. 12423 Pacific Ave #105 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,570,000. 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 143.28% higher than the current median priced home. Local homes that are currently for sale include 11940 Goshen Ave, 1556 S Beverly Glen Blvd and 2625 Chariton. While the average home in Los Angeles, CA is selling in 96 days, 12423 Pacific Ave #105 has a days on market of 56 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 12423 Pacific Ave #105 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 12423 Pacific Ave #105

Public county record property details
Beds
11
Baths
11
Year built
1969
Sq. Ft.
7,422
Lot Size
6,992
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
4235-013-015

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.
$1,014
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
104
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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