Nine-Unit Rent-Stabilized Apartment
For Sale
$2,150,000
12535 Pacific Avenue, Los Angeles, CA 90066
The two-story property combines a varied apartment mix with tuck-under parking and completed seismic improvements.
Property Size6,404 SF
Lot Size0.16 Acres
Price / SF$335.73
Days on Market8
Property Features for 12535 Pacific Avenue
General Information
Standard status
Active
Size
6,404 SF
Lot size
0.16 Acres
Property subtype
Multifamily
Zoning
R3-1
Units
Unit Mix
1 x studio, 4 x 1BR/1BA, 4 x 2BR/2BA
Multifamily Units
9
Additional Details
Public Transit
Yes
Amenities
Assumable Chase Loan with a balance of $881,684 at 4.48%, rate fixed through 06/01/2029
Annual rent on the occupied units grows from $166,272 to $222,600 at market rents of $1,550 for the single, $2,150 for the one-bedrooms and $2,800 for the two-bedroom, two-bath units.
The LAHD rent registration certificate, valid through 06/30/2027, covers all nine units, and the city's housing and building records show no open orders or open permits.
Current ownership has held it since the June 1985 purchase.
Chapter 93 retrofit with steel cantilever columns at the tuckunder parking, with a Certificate of Compliance issued 08/03/2018.
Select units have granite counters, stainless appliances and plank or tile floors.
Building Details
Building Size
6,404 SF
Year Built
1962
Buildings
1
Stories
2
Units
9
Construction
wood frame
Listed By:
Logan Ward · License #License(s): CA: 02200464
(818) 212-2675
Source:
Marcusmillichap
Added: Oct 7
Changed: Oct 14
Last Checked: Oct 13 at 3:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Logan Ward
Investment Insights
Based on property information with market context.
Built in 1962, this two-story apartment property contains nine units across 6,404 square feet. The mix includes one studio, four one-bedroom, one-bathroom apartments, and four two-bedroom, two-bathroom apartments. Tuck-under parking serves the building, and the improvements include a completed soft-story retrofit, dual-glazed windows, and an earthquake gas shutoff valve. All nine apartments are registered under the Los Angeles Rent Stabilization Ordinance. The property occupies a 6,992-square-foot R3-1 lot.
In Mar Vista, the property is one block south of the Venice Boulevard commercial corridor. Mitsuwa Marketplace is 0.26 miles away, the Mar Vista Farmers Market is 0.33 miles away, and Vons is 0.42 miles away. Playa Vista is 2.1 miles from the property, downtown Culver City is 2.84 miles away, and downtown Santa Monica is 3.61 miles away. The site is within half a mile of a High Quality Transit Corridor and a major transit stop.
In Mar Vista, the property is one block south of the Venice Boulevard commercial corridor. Mitsuwa Marketplace is 0.26 miles away, the Mar Vista Farmers Market is 0.33 miles away, and Vons is 0.42 miles away. Playa Vista is 2.1 miles from the property, downtown Culver City is 2.84 miles away, and downtown Santa Monica is 3.61 miles away. The site is within half a mile of a High Quality Transit Corridor and a major transit stop.
Key Highlights
- Nine apartments, all registered under the Los Angeles Rent Stabilization Ordinance
- 6,404 square feet on a 6,992‑square‑foot R3‑1 lot
- Unit mix: one studio, four one‑bedroom, one‑bath units, and four two‑bedroom, two‑bath units
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property combines a varied apartment mix with tuck-under parking and completed seismic improvements.
Where is this apartment building located?
The property is located at 12535 Pacific Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Nine apartments, all registered under the Los Angeles Rent Stabilization Ordinance; 6,404 square feet on a 6,992‑square‑foot R3‑1 lot; Unit mix: one studio, four one‑bedroom, one‑bath units, and four two‑bedroom, two‑bath units
