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… Read More lot, tenants can choose from one of 2 oversized studio units, 16 large 2-bed, 1.5-bath units, or 2 substantial 3-bed, 1.5-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 School One. 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. Read Less
Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500
Listing Snapshot
Days Online
14
Last Updated
Property Type
Other
Beds
38
Square Ft.
17,880
Lot Size
0.34 Acres
Year Built
1963
MLS Number
25597703
30 Days Snapshot Of 90401
$1.41M
0%
(avg) sold price
0
-100%
homes sold
41
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
17,880 sq ft, Built in 1963, Levels: Two
Disclosures
As Is
Garage
Carport
Heating
Wall
Lot
LotAcreage: 0.3446, LotSizeArea: 15,009
Parking
TotalParking: 23
Property
NumberOfUnits: 20, Zoning: SMR3*
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