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12240 Pacific Ave
Los Angeles, CA 90066
The Bradley On Pacific · Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,108 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Zoning | R3, Los Angeles | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,108 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R3, Los Angeles |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 12240 PACIFIC AVE , LOS ANGELES, CA 90066
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 4.03% 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, and High Speed Internet 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. *Gross income includes market rent for the three vacancies. Two of the vacant units are legal and permitted studios, but are not yet registered with the LA Rent Control Board.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $2,582 | 537 - 650 |
| Studios | 4 | - | 213 - 366 |
PROPERTY TAXES
| Parcel Number | 4235-022-006 | Improvements Assessment | $1,026,637 |
| Land Assessment | $3,392,044 | Total Assessment | $4,418,681 |
PROPERTY TAXES
