12240 Pacific Ave
Los Angeles, CA 90066
100% VACANT · Multifamily Property For Sale · 11 Units

Stepp Commercial is pleased to present Pacific Avenue Apartments, a 11-unit building in the heart of Mar Vista of which all units will be delivered vacant. This is a unique opportunity for repositioning buyers to take advantage of a rare vacant building at a ‘Main & Main’ Mar Vista location. The property is one block from thriving Venice Boulevard and Centinela Avenue, complete with trendy restaurants, coffee shops and specialty markets. This intersection is at the center of Mar Vista, one of the hottest submarkets in Los Angeles. One of the main reasons for the increase in demand and allure of Mar Vista is its adjacent proximity to the most prime and expensive submarkets in Los Angeles: Venice, Santa Monica and Marina Del Rey to the West; Playa Vista to the south; Culver City to the east and West LA to the north. Mar Vista offers tenants the ability to live on the Westside while paying rents that draft slightly under these other prime locations. The relative lack of new sizable ground up developments in Mar Vista furthers the need for renovated mid-century product such as Pacific Avenue. Rents have been rising in this submarket, and this pattern is expected to continue as more companies like Amazon and Apple are opening major facilities in Culver City and Silicon Beach.