12628 Pacific Ave, Los Angeles, CA 90066
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12628 Pacific Ave Los Angeles, CA 90066

$3,400,000
  • 14 Beds
  • 13 Baths
  • 7,540 Sq.Ft.
Pending
$3,400,000 Get Pre-Qualified

Map preview of 12628 Pacific Ave, Los Angeles, CA 90066

Property Overview: 12628 Pacific Ave Los Angeles, CA has 14 bedrooms, 13 bathrooms, 7,540 living square feet and 7,099 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: 9 Units on the Westside located in Mar Vista. Same Owner for 4 Decades. Clean and well maintained.Ideal Unit Mix consisting of One 3 Bedroom/2 Baths, Three 2 Bedroom/2 Baths & Five One Bedroom/ 1 Baths. The building consists of 7,540 square feet on a 7,098 square foot lot, built in 1963. Prime location situated between LA tech hubs of Silicon Beach & Downtown Culver City, home to the new Apple and 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 and 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. * Soft Story Work Completed * Copper Plumbing * All Dual Pane Windows Except Unit 5 * Individually Metered Gas & Electric AC In Units 2 & 6 * Patios In Units 5, 6, 7 & 9 * Units 1, 2, 3, 6, & 9 Have Been Updated * Parking For All 9 Units. 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: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32
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Home details

Lot Sq. Ft
7,099
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Pending
MLS#
21780060
City
Los Angeles
County
Los Angeles
Time on Site
1053 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,162
  • Total Rent: $6,485
  • Pro Forma/Market Rent: $6,485
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,671
  • Total Rent: $6,551
  • Pro Forma/Market Rent: $8,356
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: --
  • Net Operating Income: $141,401
  • Gross Operating Income: $212,472
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 12628 Pacific Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 9
  • Parcel Number: 4235003006
Location / Neighborhood
Location Information
  • Directions: South of Venice Boulevard, West of Centinela Avenue
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Sale History for 12628 Pacific Ave

Last sold on October 30th, 2019
  • September, 2021

  • Sep 3, 2021

    Date

    Active

    CRMLS: 21780060

    $3,575,000

    Price

  • October, 2019

  • Oct 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2006

  • Dec 19, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12628 Pacific Ave

Assessed Value (2020): $710,655
Year Land Value Improved Value Assessed Value
2020 $170,982 $539,673 $710,655

Home Value Compared to the Market

This property vs the competition

12628 Pacific Ave is listed 183.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,199,999. The median price per/sqft for Los Angeles is $771 and this home is listed at $450.93 per/sqft which puts the price per square foot 41.51% lower than the median price per square foot for the city of Los Angeles.

About 12628 Pacific Ave

Detailed summary of property

12628 Pacific Ave is a multi family located in Los Angeles, CA 90066 and is currently in escrow to be sold. This multi family property offers 14 bedrooms, 13 bathrooms, roughly 7,540 living square feet, and sits on an approximately 7,099 square foot lot. 12628 Pacific Ave was first listed on ArdentRealEstateGroup.com on September 3, 2021. The homeowner is currently asking $3,400,000 and was originally asking $3,575,000. The median priced home in Los Angeles is $1,199,999 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 183.33% higher than the median priced home. Local competing homes currently for sale include 3631 Motor Ave, 11755 Nebraska Ave and 1611 Brockton Ave. While the average home in Los Angeles, CA is selling in 102 days, 12628 Pacific Ave has a days on market of 32 days. There are currently 4091 homes for sale in the Los Angeles real estate market and 2731 of them are single family homes while 1235 of them are condos and 119 are townhomes. For more information on this home for sale at 12628 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 12628 Pacific Ave

Public county record property details
Beds
14
Baths
13
Year built
1963
Sq. Ft.
7,540
Lot Size
7,098
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
58
APN
4235-003-006

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.
$997
Median Sold Price
$2,037,000
Median Sold Price/Sq.Ft.
$1,103
Total Inventory
128
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 12628 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.