Active
1428 12th St
Santa Monica CA, 90401
$10,995,000
$614.93 per sqft
Active
38 Beds
38 Baths
17,880 sqft
Multi-family
Built in 1963
We are pleased to present a generational multifamily offering in the seaside enclave of Santa Monica. Set prominently along a tree-lined street, 1424-1428 12th Street is a trophy asset consisting of 20, oversized compared to market, units and beautifully landscaped grounds. Encompassing 17,880 SQFT and situated on a very large lot, tenants can choose from one of 2 oversized studio units, 16 large 2-bed, 1-bath units, or 2 substantial3-bed, 1-bath townhouse units. Each of these units has a great floor plan flooded with natural light. 14 units have been luxuriously upgraded and tastefully appointed with an in-unit washer and dryer (select units), new hardwood flooring, stainless steel appliances, quartz countertops, and LED lighting. Additionally, the property has an on-site laundry facility and ample assigned parking (soft story retrofit work has been completed, Buyer to verify). The property also includes new construction windows, new roofing and gutters, a custom stucco facade, and more. A quick stroll to the beautiful beach, downtown Santa Monica, and the high-end dining and shopping of Montana Avenue and 3rd Street Promenade, 1424-1428 12th Street is close to all Santa Monica has to offer. The property is also situated just across the street from one of Santa Monica's top private elementary schools, Pluralistic SchoolOne. With fantastic in-place income, enormous upside potential, and a secured tenant base, the property gives buyers the opportunity to own a generational asset in one of the most prized and coveted locations in Los Angeles.
24-465105
MLSⓇ ID
November 19, 2024
Listed
November 27, 2024
Updated
Map
1428 12th St
Santa Monica CA, 90401
Interior Features
Total Stories
2
Bedrooms
38
Total Bathrooms
38
Appliances
Dishwasher, Garbage Disposal, Microwave, Refrigerator, Range/Oven, Ceiling Fan
Floor Description
Engineered Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.34 Acres
Other Property Details
Area Name
Santa Monica
Days on Market
8
Garage
No
Parking
Assigned
Parking Total
20
View
No
County
Los Angeles
Pool
No
Zoning
SMR3*
Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor James D. Likens | CA DRE# 02115167 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/27/2024