Santa Monica, CA 90403 1027 12th Street

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Presented By: David Weinberger with Keller Williams Studio City;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25498865
  • 02/18/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 5
  • Baths • 5
  • SQFT • 3,095
  • Garage • 5

Home Details

Welcome to 1027 12th Street, a premier investment opportunity in the highly desirable Wilshire-Montana neighborhood of Santa Monica. This well-maintained fourplex offers a rare chance to own an income-producing property in one of LA's most sought-after coastal communities.1027 12th Street is a 3,095-square-foot residential income property comprised of four units. The property includes a well-maintained 2-Bed, 2-Bath detached home, a charming 1-Bed, 1-Bath detached bungalow-style unit in the middle of the courtyard, and two pristine 1-Bed + 1-Bath units located above a 5-car garage. This picturesque fourplex is set on a tranquil yard where residents enjoy the plush greenery and the Santa Monica breeze. The on-site laundry room has the potential to be a profit center, charging residents for their laundry to increase cashflow.1027 12th St is located in the coveted Wilshire-Montana neighborhood. One of the most walkable areas in Santa Monica, with tree-lined streets, boutique shops, and an eclectic mix of restaurants along Wilshire Boulevard and Montana Avenue.
Presented By: David Weinberger with Keller Williams Studio City;

Interior Features for 1027 12th Street

Bedrooms

Total Bedrooms5

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths5

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Laundry FeaturesCommonArea, Inside
Total Stories2

General for 1027 12th Street

Additional Parcels Y/NNo
AppliancesGasRange, Oven
Architectural StyleBungalow
Attached Garage No
Cap Rate3.8
Carport Y/NNo
CitySanta Monica
CoolingWallWindowUnits
CountyLos Angeles
DirectionsCross streets: 12th St & Wilshire Blvd
DisclosuresTrustConservatorship
Electric On Property Y/NNo
Full Baths
Garage Spaces5.0
Garage Y/NYes
Gross Income145209.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7481.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income98469.0
New ConstructionNo
Number Of Units Total4
Patio/Porch FeaturesRearPorch, FrontPorch
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Virtual TourClick here
Waterfront Y/NNo
Year Built1930
ZoningSMR2*

Exterior for 1027 12th Street

Building Area Total3095.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1717
Lot Size Area7481.0
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesPrivate
Private PoolNo
SpaNo
Total Parking5.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,575,000
MLS#25498865
List Date 02/18/2025
Property Type Multi-Family
Phone 714.742.6515
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