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$5,300,000
32 Beds ⋅ 24 Baths ⋅ 26876197 MLS ⋅ Pending Status
[OFFERING CONSISTS OF TWO SIX-UNIT PROPERTIES WITH SEPARATE APN'S BEING SOLD TOGETHER: 4282-031-007 & 4282-031-008] 1518 & 1524 12th Street presents a rare opportunity to acquire two side-by-side 6-unit multifamily properties totaling 12 units in the heart of Santa Monica. Built in 1974, the offering consists of two adjacent properties, each with its own separate APN, and four residential structures, creating a unique multifamily investment opportunity in one of Southern California's most desirable rental markets. The properties are part of an A+ located, five-building Westside portfolio totaling 60 units, with the properties available for acquisition separately or together as a portfolio. The properties are distinguished by an exceptional unit mix consisting entirely of large two- and three-bedroom residences averaging approximately 1,237 square feet per unit. The unit mix includes five 3-bedroom/2.5-bath units, three 3-bedroom/1.5-bath units and four 2-bedroom/2-bath units. With two-thirds of the units offering three bedrooms, the property provides a concentration of large residences that are increasingly difficult to replicate in Santa Monica. The investment offers approximately 31% future rental upside, providing new ownership with a compelling opportunity for significant income growth. Select units have already undergone luxury interior renovations, demonstrating the property's potential as additional residences are upgraded and repositioned over time. The properties provide substantial on-site parking, including (2) 2-car garages, (4) driveway spots and (10) additional single parking spaces. The seismic soft-story retrofit has also been completed, representing important capital improvements for future ownership. Situated in the heart of Santa Monica, 1518 & 1524 12th Street is just five blocks from the Metro Rail Expo Line and minutes from Downtown Santa Monica, the Santa Monica Pier, Third Street Promenade, the beach and the area's exceptional retail and dining. The nearby Metro provides convenient direct connectivity to the greater Los Angeles area while residents enjoy the lifestyle and amenities associated with one of the Westside's premier coastal communities. Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1524 Granville Avenue (10 units), and 1507 Berkeley Street (7 units). The properties are available for acquisition separately or together as a portfolio.

1518 12th Street, Santa Monica
$5,250,000
36 Beds ⋅ 36 Baths ⋅ 25630313 MLS ⋅ Pending Status
1243 & 1247 12th St consist of two adjacent ten-unit apartment buildings located between Wilshire Blvd and Arizona Ave in prime Santa Monica, approximately 12 blocks from the beach. Built in 1959, the properties total 18,832 square feet of improvements on a 15,007-square-foot double lot with two separate APNs, offering long-term ownership, financing, and disposition flexibility. Each building is approximately 9,416 square feet, and together the portfolio features an attractive and highly functional 20-unit mix comprised of (4) 1-bed/1-bath, (6) 2-bed/1.5-bath, (6) 2-bed/2-bath, (2) 3-bed/1.5-bath, and (2) 3-bed/2-bath units. This balanced mix appeals to a wide renter base and positions the asset for long-term revenue growth as turnover occurs. The property provides 22 parking spaces, including six tandem spaces at the front and ten standard spaces at the rear, along with a controlled-access, gated entry and on-site laundry facilities. The soft-story seismic retrofit has been completed (buyer to verify). Priced at an attractive basis compared to recent sale comparables at $327k/unit and $428/square-foot, with strong underlying land value and scale in one of the Westside's most supply-constrained submarkets. 1243 & 1247 12th St offer investors a rare opportunity to acquire two contiguous buildings in an irreplaceable coastal location with meaningful operational and appreciation upside.

1243 12th Street, Santa Monica
$949,000
3 Beds ⋅ 2 Baths ⋅ 26873399 MLS ⋅ Pending Status
Experience coastal living at its finest in this stunning front-facing 3-bedroom, 2-bathroom condo nestled in the heart of Santa Monica. Just moments from the beach, world-class dining, and upscale shopping, this home offers the perfect blend of luxury, comfort, and convenience. Step inside to a bright and airy open-concept living space, filling the home with natural light and ocean breezes. The updated chef's kitchen features newer KitchenAid appliances (dishwasher, refrigerator, and range), a Sharp microwave, a wine cooler and beautiful countertops ideal for cooking/entertaining. The primary suite boasts a spa-inspired ensuite bath and spacious closets, while the two additional bedrooms provide flexibility for guests, a home office, gym or a personal retreat. You can also relax on your own private balcony. Other features include beautiful Maple engineered hardwood floors and an in-unit washer/dryer with shelves for storing and sorting. Located just a few steps from the Santa Monica Pier, Third Street Promenade, and top-rated schools and public transportation, this is your chance to live in one of California's most sought-after coastal destinations. Don't miss out, schedule your private tour today! Welcome Home!

1317 12th Street Unit 1, Santa Monica

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.