12124 Pacific Avenue

Los Angeles, CA 90066

$10,895,000
Price
30,001 / 0.69
Lot Size / Acres
a front view of a multi story building

Description

Major price reduction! Price reduced $1,000,000! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three...Major price reduction! Price reduced $1,000,000! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. Owner can apply for additional density pursuant to the new State Density Bonus Law AB 1287. This will increase the density to 107 total units (86 Units plus 21 ADUs). The property is comprised of two lots with separate APN's that could be sold individually or together. Located within the heart of Mar Vista, this prime development site enjoys all the advantages of a thriving community. Nestled between the Pacific Ocean and vibrant urban centers, Mar Vista offers an idyllic coastal lifestyle with easy access to the city's amenities and job hubs. Known for its picturesque streets, green spaces, and proximity to Silicon Beach, Mar Vista continues to attract residents seeking a balanced urban-coastal lifestyle. Mar Vista's real estate market has shown remarkable resilience and growth. This multifamily site is a strategic investment that aligns perfectly with the demand for housing in the area and undoubtedly will seamlessly blend with the neighborhood's character, providing a living experience that enhances the vibrant Mar Vista community. OM is available upon request.
  1. Listed by Gary Fox • DRE #00847295 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
  2. Listed by Michael Wozniak • DRE #01856514 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 12124 Pacific Avenue

Zoning
R3-1
Parcel Number
4235025032
Area
Palms - Mar Vista (C13)
Lot Size Area
30001
Source Lot Size Area
Assessor
Assessor Parcel Number
4235-025-032
Directions
Located one block south of Venice Blvd. between Grand View Blvd. & Inglewood Blvd.
LISTING UPDATED: 09/12/2024 10:38 AM

Property Details for 12124 Pacific Avenue

StatusActive
MLS #23-321909
Days on Market405
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.69 AC
CountyLos Angeles County

Building Information for 12124 Pacific Avenue

Lot Size0.69 AC

Property Information for 12124 Pacific Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.6876
  • Lot Size Square Feet: 30001
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 10-16-2023

Property History for 12124 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 12124 Pacific Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Grand View Boulevard Elementary School
Public - K to 5
Marina Del Rey Middle School
Public - 6 to 8
Venice Senior High School
Public - 9 to 12
James J. Mcbride Special Education Center
Public - 6 to 12
Rating
School
Distance
Grand View Boulevard Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

James J. Mcbride Special Education Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Homes for Sale near Mar Vista

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ZIPs

More information about 12124 Pacific Avenue, Los Angeles, CA 90066

12124 Pacific Avenue is a 0.69 ac of land for sale in Los Angeles, CA 90066. This property was listed for sale on October 16, 2023 by Miller & Desatnik Realty Co., it's currently listed at $10,895,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Grand View Boulevard Elementary School, Marina Del Rey Middle School and Venice Senior High School. 12124 Pacific Avenue is a 0-bed, 0-bath, 0.69 ac of land on a 30,001 sq. ft. / 0.69 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.