Skip To Content

12240 Pacific Avenue

Los Angeles (City), CA 90066
  • $8,175,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: SB22155281
$8,175,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Brett Lyon of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and J.Woody Stahl of ()


Description

Lyon Stahl Investment Real Estate is proud to present 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 (7) 1-bed/1-bath units, (4) studio apartments and (2) 2-bed/2-bath units , currently stabilizing at a 3.54% 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131013270
Print Image

12240 Pacific Avenue Los Angeles (City), CA 90066

  • Price: $8,175,000
  • Status: Active
  • On Site: 26 Days
  • ID#: SB22155281
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1964
Built
Neighborhood:
C13 - Palms - Mar Vista
County:
Los Angeles
Area:
C13 - Palms - Mar Vista
Property Description
Lyon Stahl Investment Real Estate is proud to present 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 (7) 1-bed/1-bath units, (4) studio apartments and (2) 2-bed/2-bath units , currently stabilizing at a 3.54% 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.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 13 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Contingency 1. Questions: All Specific Property Related information is Covered in The Marketing Package in The Supplemental Section On The Mls. ----- 2. Communication: Please Direct Any Additional Questions Not Covered in The Marketing Package To Our Team At Broker@Lyonstahl.Com. ----- 3. Showings: There Will Be No Showings Or Open Houses. Please Submit Offers Subject To interior inspection. ----- 4. Offers: Please Submit Offers To Broker@Lyonstahl.Com. Please include Proof Of Funds And Pre-Approval (If App Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 415363 Gross Scheduled Income 401808 Insurance Expense 5027 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 1650 Net Operating Income 274742 New Construction YN No New Taxes Expense 102188 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Operating Expense 140621 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3377 Vacancy Allowance 12054 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369377928-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369377928-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369377928-1.jpg
Logo
American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Brett Lyon of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and J.Woody Stahl of ()