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    831 12Th St

    Santa Monica, CA 90403
    • $3,400,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 21-746036
    UPDATED: 50 min ago
    $3,400,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,020
      SQFT
    • $677
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:
    Area:

    Description

    831 12th Street, a charming Spanish-style fourplex located in the highly-desired beach community of Santa Monica. Located on a tree-lined residential block just south of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1928, the 5,020 SF two-story trophy asset sits on a 7,523 SF lot and is comprised of (4) two-bedroom and one bath units. Please note, each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped community courtyard and (4) private one-car garages. 831 12th Street presents significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. With a trendy location that is consistently under high demand among high-earning young professionals, 831 12th Street affords investors the opportunity to acquire a well-maintained investment property in this ever-growing metropolitan beach community.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T12:43:03.92. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/118000845
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    831 12Th St Santa Monica, CA 90403

    • Price: $3,400,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 21-746036
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,020
    SQFT
    $677
    $/SQFT
    1928
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    831 12th Street, a charming Spanish-style fourplex located in the highly-desired beach community of Santa Monica. Located on a tree-lined residential block just south of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1928, the 5,020 SF two-story trophy asset sits on a 7,523 SF lot and is comprised of (4) two-bedroom and one bath units. Please note, each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped community courtyard and (4) private one-car garages. 831 12th Street presents significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. With a trendy location that is consistently under high demand among high-earning young professionals, 831 12th Street affords investors the opportunity to acquire a well-maintained investment property in this ever-growing metropolitan beach community.
    Exterior Features

    Cross Streets 12th Street And Montana Avenue Garage Structures Total 4 Lot Location Alley Access Lot Size Area 7523 Other Structures None Parking Garage Garage Style Spanish Total Parking 4

    Interior Features

    Baths Total 4.00 Common Walls Attached Cooling None Equipment Built-InsDishwasherFreezerRefrigeratorRange/Oven Heating Wall Laundry Community

    Property Features

    Alley YN Yes Gross Income 107892 Gross Operating Income 107892 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 59416.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 48476 Type Of Units Apartments Year Built Source Assessor Zoning Smr2

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T12:43:03.92. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260