Santa Monica, CA 90403 1013 12th Street
$4,200,000
Pending
3 more
Presented By: Arthur Peter with PAR Commercial Brokerage;
- MLS# 25515577
- 03/24/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 14
Baths • 13
SQFT • 7,954
Home Details
Prime North of Wilshire ten (10) unit apartment building for sale. Fantastic unit mix of three (3) 2 bed + 2 bath, one (1) 2 bed + 1 bath and six (6) 1 bed + 1 bath units which has been well maintained by the same family for the last 40+ years. Walking distance to trendy Montana Avenue, Palisades Park, the beach and located in Santa Monica's best school district. The building boasts large units with excellent onsite parking. This core investment has enormous upside in rents as the unit's turnover. This is your opportunity to acquire an outstanding income generating asset in the Westsides most desirable neighborhood.
Presented By: Arthur Peter with PAR Commercial Brokerage;
Interior Features for 1013 12th Street
Bedrooms
Total Bedrooms14
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths13
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories
Window FeaturesScreens
General for 1013 12th Street
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasCooktop, Disposal, Refrigerator, VentedExhaustFan
Attached Garage No
Carport Y/NNo
CitySanta Monica
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsLocated on 12th Street between California Avenue and Washington Avenue in Santa Monica. From the 10 freeway westbound, take the Lincoln Boulevard exit and turn right (north). At Wilshire Boulevard tur
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Full Baths
Garage Y/NNo
Gross Income274704.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7525.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income179708.0
New ConstructionNo
Number Of Units Total10
Patio/Porch FeaturesNone
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Waterfront Y/NNo
Year Built1964
ZoningSMR2*
Exterior for 1013 12th Street
Building Area Total7954.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1728
Lot Size Area7525.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
Private PoolNo
SpaNo
Total Parking10.0
Additional Details
Price History
Hal Schlegel
Broker Associate