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Paul Tatarian

paul@theapexbroker.com +1(559) 260-1763

$ 2,500,000

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1810 12th ST Santa Monica, CA 90404

13 Beds

7 Baths

5,190 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,190 sqft

Price per Sqft $481

MLS Listing ID 25575313

Bedrooms 13

Construction Status Additions/Alterations

HOA Y/N No

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

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Carport Spaces 4

Pool None

View Y/N No

View None

Accessibility None

Porch None

Total Parking Spaces 6

Private Pool No

Building

Faces West

Story 2

Entry Level One

Sewer Other

Level or Stories One

New Construction No

Construction Status Additions/Alterations

Others

Senior Community No

Tax ID 4283026018

Special Listing Condition Standard

Listed by Sandra Miller ENGEL & VÖLKERS Santa Monica

Paul Tatarian

Broker | Owner | MBA | License ID: 02004998

+1(559) 260-1763

Paul Tatarian

1810 12th ST Santa Monica, CA 90404

Key Details

Location

Interior

Exterior

Building

Others

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1810 12th ST