12
See all 12 photos
$2,500,000
Est. payment /mo
5,190 SqFt
Pending
1810 12th Street Santa Monica, CA 90404
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,190 sqft
Price per Sqft $481
MLS Listing ID CL25575313
HOA Y/N No
Year Built 1963
Lot Size 7,516 Sqft
Acres 0.17
Property Sub-Type Other
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
Zoning SMR2
Interior
Heating Electric
Cooling None
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 4283026018
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Listed by Sandra Miller • ENGEL & VÖLKERS Santa Monica
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289