Santa Monica, CA 90404,1810 12th St
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Santa Monica, CA 90404,1810 12th St
Santa Monica, CA 90404,1810 12th St
Santa Monica, CA 90404,1810 12th St
Santa Monica, CA 90404,1810 12th St
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$ 2,500,000
Est. payment /mo
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1810 12th St Santa Monica, CA 90404

13 Beds

7 Baths

5,190 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,190 sqft

Price per Sqft $481

MLS Listing ID 25575313

Bedrooms 13

Construction Status Additions/Alter

Year Built 1963

Lot Size 7,516 Sqft

Acres 0.1725

Property Sub-Type Multi-Family

Property Description

Located just south of Pico Boulevard and north of Olympic, 1810 12th Street offers investors a stabilized, income-producing property in one of Santa Monica's most desirable neighborhoods. This well-maintained 2-story building, built in 1963, features seven units totaling 13 bedrooms and 7 bathrooms across approximately 5,190 square feet of living space on a 7,516 square foot lot. The unit mix includes three 2-bedroom units, one 3-bedroom unit, and three 1-bedroom units. The 3-bed/1-bath unit will be delivered vacant at closing, providing immediate potential for an owner-user or market-rate rental. Current gross annual income is approximately $193,992 with an NOI of $157,010, reflecting a GRM of 12.89 and a cap rate of 6.28%. All units are separately metered for gas and electricity. Parking includes 4 covered carport spaces plus additional uncovered spaces with alley access. Just minutes from the beach, Bergamot Arts District, the Expo Line, and a variety of shopping, dining, and employment hubs, this property presents an exceptional long-term hold or value-add opportunity in a prime Santa Monica location.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Electric

Cooling None

Fireplaces Type None

Equipment None

Laundry Community

Exterior

Parking Features None

Garage Spaces 6.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N No

View None

Handicap Access None

Building

Story 2

Foundation None

Sewer In Street

Water Public

Level or Stories One

Construction Status Additions/Alter

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by ENGEL & VÖLKERS Santa Monica

GET MORE INFORMATION

Name

Phone*

Message

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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