Montana & 12th | 1.5 Miles to Ocean | 6 Units 827 12th St 6 Unit Apartment Building $4,395,000 ($732,500/Unit) 4.49% Cap Rate Santa Monica, CA 90403

827 12th St. sits at the intersection of Montana Ave. walkability, coastal proximity, and Downtown Santa Monica access. This combination defines one of the most coveted residential pockets on the Westside. Located just 1/2 block south of Montana Ave. and less than 1 mile from the beach and Downtown Santa Monica, the property offers a setting where tenant appeal is shaped by everyday convenience, established neighborhood character, and proximity to the coast, rather than short-term trends. The building is a well-maintained Spanish-style property that reflects the architectural character long associated with this stretch of Santa Monica. Stucco exteriors, clay tile roofing, and original detailing are complemented by mature landscaping and a thoughtfully designed central courtyard. Outdoor seating areas, greenery, and soft pathways create a sense of privacy and calm that feels residential rather than institutional, while still placing residents steps from one of the city’s most active commercial corridors. The property is comprised of (6) total units, including (4) spacious 2-bdrm. / 1.5-bath units and (2) 1-bdrm. units. The 2-bdrm. units average 1,350 SF, a scale that is increasingly difficult to replicate in this submarket, while the 1-bdrm. units average 525 SF and serve as efficient complements to the larger layouts. Together, the unit mix supports a range of tenant profiles, from long-term residents to professionals seeking proximity to Montana Ave., the coast, and Downtown Santa Monica. Select interiors have been renovated and are well maintained, featuring wood flooring, quartz countertops, stainless steel appliances, and updated cabinetry and tilework. Layouts are bright and airy, with generous living areas and ample natural light that reinforce the residential feel of the property. The combination of classic architecture and modernized interiors aligns well with the expectations of Santa Monica’s high-income renter base, where pride of residence and neighborhood connection matter. Additional amenities include (5) private 1-car garages, a meaningful feature in a neighborhood where parking is both limited and highly valued. The garages, paired with the courtyard layout and landscaping, further differentiate the property from more condensed apartment product in the area. Positioned steps from Montana Ave.’s boutiques, cafés, restaurants, and wellness destinations, and within close reach of the beach and Downtown Santa Monica, 827 12th St. offers a rare blend of location, scale, and character. The property represents a turnkey opportunity in one of the Westside’s most established neighborhoods, where well-located, well-maintained assets remain tightly held and consistently sought after.