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12011 Pacific Avenue, Los Angeles, CA 90066

3
beds
3
baths
7718
ft2
· 7507
ft2 lot

$3,491,000

$452 / ft2

Listing provided courtesy of Francyne Lambert, Lambert Investments, Inc.
Source CRMLS;
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9 Unit on the Westside located in Mar Visa. Same ownership for decades. Clean & well maintained. Soft Story work completed. Mostly copper plumbing, AC in all units, Patios in units 1,2,3,5,6 & 7. Individually Metered Gas & Electric. 5 Vacant units, some have been nicely renovated. Parking for all 9 units. Prime location situated between LA tech hubs of Silicon Beach & Downtown Culver City, home to the new Apple & 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 & 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. *Income Includes Actual & Projected. 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.

HOA

$—/month

On market

1 month

Year built

1969

Property type

Multi-Family

Parking

MLS

21783414

Price / Sq.Ft.

$452 / ft2

Status

Active

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Home details for 12011 Pacific Avenue

Interior Features & Layout
Interior Size
•   
Building Area Total: 7718.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Other
•   
Lot Size Acres: 0.1700
•   
Lot Size Area: 7507.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 9
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 197244.00
•   
Vacancy Allowance Rate: 5.00
•   
Total Expenses: 62352.00
•   
Gross Multiplier: 17.70
Tax/Assessment Info
•   
Gross Income: 197244.00
•   
Tax Year: 2020
•   
Taxes: 4794.38
Lease Info
•   
Net Operating Income: 134892.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1675.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 4500.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 3
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2102.00
•   
Unit 1 Total Rent: 1707.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: South of Venice Boulevard, East of Centinela Avenue
Other
Calculation
•   
Dom: 23
•   
Cdom: 60

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Mar Vista
104
Properties for sale
11
Median days on market
$917.37
Median sold price/sqft
103.05%
Sold/List %
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Property History for 12011 Pacific Avenue

09/13/2021
09/13/2021
CRMLS #21783414
active
CRMLS #21783414
$3,491,000
+365.47%
09/28/2012
09/28/2012
Public Record
sold
Public Record
$750,000

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