Palms - Mar Vista (C13) Homes with Apartment Subtype

Palms - Mar Vista (C13) Homes with Apartment Subtype

**Discover the Charm of Palms - Mar Vista (C13)**

Nestled in the heart of Los Angeles County, the vibrant neighborhoods of Palms and Mar Vista offer a unique blend of urban convenience and suburban tranquility. Known for their eclectic charm, these areas have become increasingly popular among families, young professionals, and creatives alike. With tree-lined streets, local parks, and a strong sense of community, Palms - Mar Vista is the perfect place to call home.

The housing market in this region is diverse, featuring a delightful assortment of homes with apartment subtypes. From cozy bungalows to modern multi-family units, there’s something to suit every lifestyle. Many of these homes boast spacious layouts and contemporary finishes, making them ideal for those who appreciate both comfort and style. The apartment-style homes here often come with amenities like private balconies, communal gardens, and easy access to local cafes and shops, ensuring that residents can enjoy a vibrant lifestyle right at their doorstep.

Living in Palms - Mar Vista means embracing a community that values creativity and connection. The area is home to a variety of cultural attractions, including art galleries, theaters, and farmers' markets, providing endless opportunities for exploration and enjoyment. With its close proximity to major freeways and public transportation, commuting to downtown Los Angeles or the nearby beaches is a breeze.

Whether you’re looking for a cozy apartment or a spacious family home, Palms - Mar Vista offers a welcoming atmosphere and a dynamic lifestyle that truly captures the essence of Los Angeles living. Come and discover your next home in this charming corner of the city!

Newest Palms - Mar Vista (C13) Homes with Apartment Subtype

12231 Pacific Avenue, Los Angeles
$1,500,000
SR26233711 MLS ⋅ Active Status
Prime Mar Vista Value-Add Opportunity: 7-Unit Multifamily with Approx 44.9% Rent Upside! A highly attractive seven-unit multifamily asset in the heart of Mar Vista, located just one block south of the vibrant Venice Boulevard retail corridor. Built in 1963, this two-story, wood-frame property features a distinctive arcaded street-facing elevation and spans 6,950 SF on a 7,501 SF lot. The property boasts an exceptional, family-friendly unit mix comprising five spacious 2-bedroom/2-bathroom units (approx. 900 SF) and two large 3-bedroom/2-bathroom units (approx. 1,100 SF). It also provides seven on-site parking spaces to serve the seven units. Investment Highlights: Massive Value-Add Potential: In-place rents currently range from $1,643 to $2,146 per month. With nearby renovated two-bedroom comps asking $2,300 to $3,395 (including a nearly identical 1963-vintage property just a half-mile away leasing at $2,799), the asset offers an estimated 44.9% rent upside. Ultimate Lease Flexibility: All seven units are on month-to-month leases with no fixed terms to wait out, allowing new ownership immediate flexibility to execute a near-term rent capture strategy. Stable, Proven Cash Flow: The property is 100% occupied with zero delinquency across all units as of August 2026. Four of the seven tenancies are long-term, dating back to 2005 or earlier. Low Initial CapEx: The investment case centers on immediate rent capture rather than heavy foundational capital requirements. Subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), this property is perfectly positioned for 1031 exchange buyers, family offices, and value-add operators seeking highly stable, upside-rich exposure in a premier Westside market.

12231 Pacific Avenue, Los Angeles
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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