Description

12231 Pacific Avenue is a fully occupied seven-unit apartment property in Mar Vista, one block south of Venice Boulevard's retail corridor. Built in 1963, the two-story building has 6,950 square feet on a 7,501-square-foot lot, with seven parking spaces. The mix comprises five two-bedroom, two-bath units of approximately 900 square feet and two three-bedroom, two-bath units of approximately 1,100 square feet.

The building is registered under the Los Angeles Rent Stabilization Ordinance. All leases are month-to-month, and four tenancies began in 2005 or earlier. The offering reports no delinquency as of August 11, 2026. In-place monthly rents range from $1,643 to $2,146; cited nearby two-bedroom leased comparables range from $2,300 to $3,395. The broker estimates approximately 44.9% rent upside. Buyers should assess the rent roll, applicable tenant protections and any costs associated with their operating plan.