Log In/Sign Up
Your email has been sent.
1050 12th St 10 Unit Apartment Building $3,800,000 ($380,000/Unit) 4.39% Cap Rate Santa Monica, CA 90403
Investment Highlights
- 2024 new roof & gutters
- 2025 new electrical panels
Executive Summary
Invest in one of Santa Monica's most sought-after corridors. Located in the heart of Wilshire-Montana on a charming tree-lined stretch of 12th Street, this 10-unit apartment building offers a desirable mix of 1-bedroom, and 2-bedroom units. New Roof, new gutters and new sub-panels in 2024 and 2025. Tenants enjoy immediate access to the vibrant offerings on Montana Avenue just a few blocks away, where boutique shopping, cozy cafes, and some of the Westside's best dining create a true neighborhood experience. Easy access to Palisades Park and the beach. This is an ideal opportunity for investors seeking long-term value in a trophy coastal location with consistent tenant demand, well-maintained interiors, and the potential for rent upside. One unit delivered vacant.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$250,044
|
$35.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$250,044
|
$35.38
|
| Taxes |
$33,569
|
$4.75
|
| Operating Expenses |
$63,130
|
$8.93
|
| Total Expenses |
$96,699
|
$13.68
|
| Net Operating Income |
$153,345
|
$21.70
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $250,044 |
| Annual Per SF | $35.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $250,044 |
| Annual Per SF | $35.38 |
| Taxes | |
|---|---|
| Annual | $33,569 |
| Annual Per SF | $4.75 |
| Operating Expenses | |
|---|---|
| Annual | $63,130 |
| Annual Per SF | $8.93 |
| Total Expenses | |
|---|---|
| Annual | $96,699 |
| Annual Per SF | $13.68 |
| Net Operating Income | |
|---|---|
| Annual | $153,345 |
| Annual Per SF | $21.70 |
Property Facts
| Price | $3,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $380,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.39% | Building Size | 7,068 SF |
| Gross Rent Multiplier | 16.41 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.3/1,000 SF |
| Zoning | R3, Santa Monica - Multiple Residential | ||
| Price | $3,800,000 |
| Price Per Unit | $380,000 |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| Gross Rent Multiplier | 16.41 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,068 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | R3, Santa Monica - Multiple Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $13,352 | 700 |
| 2+1 | 3 | $7,485 | 700 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 4281-021-010 | Total Assessment | $2,798,075 (2025) |
| Land Assessment | $1,990,507 (2025) | Annual Taxes | $33,569 ($4.75/SF) |
| Improvements Assessment | $807,568 (2025) | Tax Year | 2024 Payable 2024 |
Property Taxes
Parcel Number
4281-021-010
Land Assessment
$1,990,507 (2025)
Improvements Assessment
$807,568 (2025)
Total Assessment
$2,798,075 (2025)
Annual Taxes
$33,569 ($4.75/SF)
Tax Year
2024 Payable 2024
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1050 12th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.