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12240 Pacific Ave, Los Angeles, CA 90066

$6,899,000

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 6,532 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 (9) 1-bed/1-bath units and (4) studio apartments, currently stabilizing at a 3.81% 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, High Speed Internet, and USB Fast Charging Electrical Outlets 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.

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 6,532 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 (9) 1-bed/1-bath units and (4) studio apartments, currently stabilizing at a 3.81% 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, High Speed Internet, and USB Fast Charging Electrical Outlets 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.

Investment Highlights: 
  • Unit Mix: (9) 1-Bed/1-Bath Units, (4) Studio Apartments
  • New Main Circuit Breakers with 400 Amp Increased Service
  • 6,532 SF Two-Story Building on a Large 7,500 SF Lot Fully Renovated Exterior: New Stucco, Paint, Stained Wood Exterior Siding, Landscaping, Lighting, and Surveillance System
  • Fully Renovated Units: New Washer/Dryers, Flooring, Kitchen Appliances, Countertops, Cabinets, Bathrooms, and Interior Lighting
  • Incredible Location: Within short distance of Venice, Culver City, Santa Monica, and prime retail stores on Rose Avenue and Abbot Kinney Boulevard

Property Downloads

Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on November 1, 2019 at 3:52 pm

  • Price: $6,899,000
  • Property Size: 6,532 Sq Ft
  • Land Area: 7,500 Sq Ft
  • Garage Size: 3
  • Year Built: 1964
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 13
  • GRM: 17.71
  • CAP RATE: 3.81%
  • Market GRM: 15.99
  • Market CAP RATE: 4.28%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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