827 12th st, Santa Monica, CA 90403
Active
$4,490,000
18%
6 Units
10 Beds
8 Baths
6,746 Area(sq.ft.)
Lot: 7,484 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 2 | 1.50 | No | $ 4,656 | $ 18,626 | $ 21,980 |
| Unit 2 | 2 | 1 | 1 | No | $ 3,177 | $ 6,353 | $ 6,590 |
| 6 | 10 | 10 | $ 24,978 | $ 87,210 | $ 101,100 |
| MLS #: | 25503521 |
| Days On Market: | 284 |
| Listing Date: | February 25, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 666 |
| Price per unit: | $ 748,333 |
| Year Built: | 1927 |
Property Details
***2nd $500,000 price reduction - $1,000,000 total reduction from original listed price*** Nestled in one of Santa Monica's most sought-after neighborhoods, 827 12th Street is a well-maintained Spanish-style gem that embodies the quintessential SoCal lifestyle. Just half a block south of Montana Avenue, residents enjoy easy access to premier boutiques, world-class dining, and top-tier wellness destinations. With the beach and Downtown Santa Monica less than a mile away, this property offers the perfect balance of relaxation and convenience. The building is comprised of (4) spacious 2-bdrm. 1.5-bath units and (2) 1-bdrm. units, with the 2-bed units averaging approx. 1,350 SF and 1-bed units approx. 525 SF. Renovated interiors feature wood flooring, quartz countertops, stainless steel appliances, and updated cabinetry and tilework. Bright, airy layouts and modern finishes make these units highly desirable in an area known for attracting high-net-worth tenants who take pride in their homes and community. The property is surrounded by lush landscaping, offering a tranquil communal courtyard for residents to enjoy. Additional amenities include five private 1-car garages, ensuring ample parking and convenience. This is a rare opportunity to own a turnkey investment in one of the most affluent and high-demand rental markets on the Westside. Don't miss your chance to secure a timeless asset in Santa Monica's most coveted location.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 292,243 |
| Total Annual Expense: | $ 99,068 |
| Net Operating Income: | $ 193,175 |
| Gross Annual Income: | $ 299,736 |
| Cap Rate: | 4.3% |
| Gross Rent Multiplier: | 14.98 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | Two |
| Security Features: | Gated |
| Style: | Spanish |
| View Description: | None |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage - 1 Car |
Interior
| AC/Cooling: | None |
| Equipment: | Built-Ins, Dishwasher, Dryer, Washer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Hood Fan |
| Heating: | Central |
| Laundry: | In Unit |
Exterior
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