1428 12th St | Santa Monica, CA 90401
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- LoopNet Team
1428 12th St
Santa Monica, CA 90401
Highly renovated 20-unit building · Multifamily Property For Sale
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20 Units
Investment Highlights
- Extensively upgraded trophy asset in super prime Santa Monica just blocks to the beach
- Day one CAP rate of 5.42% with significant remaining upside
- Ample on-site parking with soft story retrofit completed
- Incredible unit mix of mostly large single-level 2-bedroom floor plans and two-story 3-bedroom townhouse floor plans
- 14 of the 20 units have been meticulously renovated and reimagined
Property Facts
| No. Units | 20 | Building Size | 17,880 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2024 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | SMR3* - restricted Density Multiple Dwelling | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 17,880 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | SMR3* - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 2+1.5 | 16 | - | 850 |
| 3+1.5 | 2 | - | 1,200 |
Property Taxes
| Parcel Number | 4282-024-027 | Improvements Assessment | $2,048,091 |
| Land Assessment | $7,964,803 | Total Assessment | $10,012,894 |
Property Taxes
Parcel Number
4282-024-027
Land Assessment
$7,964,803
Improvements Assessment
$2,048,091
Total Assessment
$10,012,894
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