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    12011 Pacific Ave

    Los Angeles, CA 90066
    • $3,491,000
    • STATUS: Active Under Contract
    • ON SITE: 10 days
    • MLS #: 21-783414
    Under Contract
    UPDATED: 30 min ago
    $3,491,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,718
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T17:43:06.617. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/121399005
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    12011 Pacific Ave Los Angeles, CA 90066

    • Price: $3,491,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • MLS #: 21-783414
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,718
    SQFT
    $452
    $/SQFT
    1969
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    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.
    Exterior Features

    Lot Size Area 7507 Other Structures None Parking Garage Other Total Parking 9

    Interior Features

    Baths Total 12.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 295424 Gross Income 197244 Gross Operating Income 197244 Like Units1 3 Like Units2 6 Net Operating Income 134892.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Title Company Source Lot Size Area Other Total Annual Expense 62352 Type Of Units Flat Year Built Source Other Zoning Lar3

    Listing provided courtesy of Francyne Lambert DRE#00827267 of Lambert Investments, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T17:43:06.617. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260