1428 12th St, Santa Monica, CA 90401 – 24-465105

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$10,995,000

Est. payment - /mo

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38 BD

38 BA

17,880 SqFt

Active

1428 12th St Santa Monica, CA 90401

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Marlyn Kamibayashiyama

marlyn4k@gmail.com +1(702) 325-8918

UPDATED:

11/27/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,880 sqft

Price per Sqft $614

MLS Listing ID 24-465105

Bedrooms 38

Year Built 1963

Lot Size 0.345 Acres

Acres 0.3446

Property Description

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.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Flooring Engineered Hardwood

Equipment Dishwasher, Garbage Disposal, Microwave, Refrigerator, Range/Oven, Ceiling Fan

Exterior

Parking Features Assigned

Garage Spaces 20.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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+1(702) 325-8918

marlyn4k@gmail.com