1810 12th ST Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90404
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,190 sqft
Price per Sqft $481
MLS Listing ID 25575313
Bedrooms 13
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
Laundry Common Area
Exterior
Parking Features None
Pool None
View Y/N No
View None
Building
Story 2
Sewer Other
New Construction No
Others
Special Listing Condition Standard