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12124 Pacific Ave Los Angeles, CA, 90066
$11,495,000 $1,300,000 Land for sale 0.69 acres
MAJOR PRICE REDUCTION!!! 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 102 total units (82 Units plus 20 ADUs). 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 jobhubs. Known for its picturesque streets, green spaces, and proximity to Silicon Beach, Mar Vista
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Property details
30,001 sqft interior area
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None
Land area
30,001 sqft (0.69 acres)
Price per sqft
$383/sqft
Days on Verhouse
218
Address
12124 Pacific Ave, Los Angeles, CA, 90066
City of California
Los Angeles
County
Los Angeles
Previous price
$12,795,000
District
Listing
Zoning
R3-1
Open Houses
No upcoming open houses
Listed by
Gary Fox, Miller & Desatnik Realty Co.
Name
Gary Fox
License number
00847295
Brokerage company
Miller & Desatnik Realty Co.
MLS #
CL23321909
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Calculate your monthly payments
Mortgage
$35,293
Taxes
$0
HOA dues
$0
Mortgage
$2,299,000 / 20%
2.28%
30 years
Your amount
$35,293 / month
Lot details
TMK #4235025032
Parcel #
4235025032
90066 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90066
39%
Families with children
National average: 39%
55%
Non family households
387,176
Population
$130,700
Average Income
Age & gender
Median age 38 years
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Commute types
76% commute by car
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Education level
35% have bachelor education
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Number of employees
2% work in management
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Vehicles available
47% have 1 vehicle
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Vehicles by gender
47% have 1 vehicle
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Housing market insights for
$1.8m
Neighborhood average
sales price*
sales price*
$1.63m
Neighborhood median
sales price*
sales price*
748
Number
of sales*
of sales*
Housing type
29% are single detacheds
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Rooms
37% of the houses have 4 or 5 rooms
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Bedrooms
56% have 2 or 3 bedrooms
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Owners vs Renters
63% are renters
More info
17.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Location Details, Documents & Disclosures
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Directions to property
Located one block south of Veni
Price history
Price Decrease Dec 8, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 8, 2023 | Price Decrease | $11,495,000 -10.16% | 383.15 | MLS #CL23321909 |
| Dec 6, 2023 | For sale | $12,795,000 | 426.49 | MLS #CL23321909 |
| Oct 24, 2023 | Unavailable | $12,795,000 | 0 | MLS #CL23321909 |
| Oct 16, 2023 | New Listing | $12,795,000 | 426.49 | MLS #CL23321909 |
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Frequently Asked Questions about 12124 Pacific Ave
What is 12124 Pacific Ave?
12124 Pacific Ave is a lot of 0.69 acres (about is 30,001 sqft).
What is the full address of this Land?
12124 Pacific Ave, Los Angeles, CA, 90066.
Tell me about the point of interest nearby
The closest grocery stores are Mitsuwa Market, 0.23 miles away and Vons, 0.35 miles away.
Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 14, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Mitsuwa Market, 0.23 miles away and Vons, 0.35 miles away.
The 90066 zip area has a population of 387,176, and 39% of the families have children. The median age is 38.08 years and 76% commute by car. The most popular housing type is "single detached" and 63% is renter.