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1424 12th St
Santa Monica, CA 90401
1424-1428 12th Street · Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 17,880 SF |
| Property Subtype | Apartment | Average Occupancy | 60% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1964 |
| Zoning | SMR3* | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 17,880 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | SMR3* |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
ABOUT 1424 12TH ST , SANTA MONICA, CA 90401
Pacific Partners Real Estate Investments proudly presents 1424-1428 12th Street, a 20 unit apartment building located in prime Santa Monica, California. The building consists of 20 units, 9 of which have undergone extensive renovations. These 9 units have been remodeled to reflect an alluring upscale look that includes upgrades such as engineered plank flooring, new electrical load centers, flush mount LED lighting, beautiful light Carrera counter tops, stainless steel appliances package, washer/dryer in select units, and 4x10 tiled stand-up showers. The remaining 11 units provide significant upside to investors looking for an asset in an A+ location with real achievable upside. The 12th St. Apartments sit just a short walk from the newly constructed Metro Station, 3rd Street Promenade and Santa Monica Pier. It is also centrally situated between Santa Monica’s bustling office parks. This thriving location is known for its beautiful beaches, shops, restaurants and employment hubs making it one of the most desirable neighborhoods in California.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 16 | - | - |
| 3+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 4282-024-027 | Improvements Assessment | $2,048,091 |
| Land Assessment | $7,964,803 | Total Assessment | $10,012,894 |
PROPERTY TAXES
