Sold

12134 Pacific Avenue

Mar Vista CA, 90066

$8,800,000


$293.80 per sqft

Sold

29,952 sqft

Unknown

Listed by Mike Vachani with Provenio Realty and Investment 626-391-9100

We are proud to offer this amazing opportunity to acquire a .69 Acre High Density Infill Multi Family R3 Lot in the heart of one of the hottest real estate markets in Los Angeles. This Prime Redevelopment 29,951 Sqft Lot is very rare and may allow 50+ residential units. Please complete your own due diligence to determine the exact use and number of units. The site is currently being used as a Religious Facility and Preschool/Child Care Center. The Property will be delivered vacant at close of escrow. The Property has 3 buildings totaling +/-12137 sqft consisting of a Church Sanctuary, Fellowship Hall & Classrooms, Child Center Center / Preschool, and 32 Parking Spots. This is perfect for an Owner/User ,Investor, Developer, or 1031 Exchange.

Assessor Parcel Number is 4235-025-032.

Located in the Mar Vista area of West Los Angeles near the corner of Venice & Grandview, you are a short drive away from the booming markets of Venice Beach. Marina Del Rey, Culver City, Santa Monica and Playa Vista. You also are in the heart of town within walking distance to amazing retail, restaurants, and the well known Mar Vista Sunday Farmers Market. You have a High Walkability Score with easy access to public transportation and 405/10 freeway.

This property can be held as an investment allowing you to earn income while you go through the Entitlement Process. The property location, zoning and size allows any Developer, Investor, or User the ability to have a substantial redevelopment upside.

AR21209738

MLS ID

September 21, 2021

Listed

February 10, 2024

Updated

Map

12134 Pacific Avenue
Mar Vista CA, 90066

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.69 Acres

Other Property Details

Area Name

C13 - Palms - Mar Vista


Days on Market

9


Garage

No


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Zoning

LAR3


Buyer Agency Compensation

2%

Listing Contact: 626-391-9100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/10/2024 at 7:00 AM UTC

 

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