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12 photos
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$2,500,000
Est. payment /mo
13 Beds
7 Baths
5,190 SqFt
UPDATED:
Key Details
Property Type Single Family Home
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/Alterations
HOA Y/N No
Year Built 1963
Lot Size 7,514 Sqft
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 C14 - Santa Monica
Zoning SMR2*
Interior
Heating Electric
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Carport Spaces 4
Pool None
View Y/N No
View None
Accessibility None
Porch None
Total Parking Spaces 6
Private Pool No
Building
Faces West
Story 2
Entry Level One
Sewer Other
Level or Stories One
New Construction No
Construction Status Additions/Alterations
Others
Senior Community No
Tax ID 4283026018
Special Listing Condition Standard
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Listed by Sandra Miller ENGEL & VÖLKERS Santa Monica