1428 12TH Street

    Santa Monica, CA 90401
    • $12,300,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: 19440834
    UPDATED: 211 min ago
    $12,300,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,880
      SQFT
    • $688
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    1424-1428 12th Street is a 20 unit apartment building located in prime Santa Monica, California. The building consists of 20 units, 11 of which have undergone extensive renovations. These 11 units have been remodeled to reflect an alluring upscale look that includes upgrades such as engineered plank flooring, new electrical load centers, flush mount LED lighting, beautiful light Carrera counter tops, stainless steel appliances package, washer/dryer in select units, and 4x10 tiled stand-up showers. The 12th St. Apartments sit just a short walk from the newly constructed Metro Station, 3rd Street Promenade and Santa Monica Pier. It is also centrally situated between Santa Monica's bustling office parks. This thriving location is known for its beautiful beaches, shops, restaurants and employment hubs making it one of the most desirable neighborhoods in California.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-05-24T00:41:09.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestsocalhomesearch.com/homes/92380900

    1428 12TH Street Santa Monica, CA 90401

    • Price: $12,300,000
    • Status: Active
    • Updated: 211 min ago
    • ID#: 19440834
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    17,880
    SQFT
    $688
    $/SQFT
    1963
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    1424-1428 12th Street is a 20 unit apartment building located in prime Santa Monica, California. The building consists of 20 units, 11 of which have undergone extensive renovations. These 11 units have been remodeled to reflect an alluring upscale look that includes upgrades such as engineered plank flooring, new electrical load centers, flush mount LED lighting, beautiful light Carrera counter tops, stainless steel appliances package, washer/dryer in select units, and 4x10 tiled stand-up showers. The 12th St. Apartments sit just a short walk from the newly constructed Metro Station, 3rd Street Promenade and Santa Monica Pier. It is also centrally situated between Santa Monica's bustling office parks. This thriving location is known for its beautiful beaches, shops, restaurants and employment hubs making it one of the most desirable neighborhoods in California.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Appliances RefrigeratorFreezerDishwasher Appliances YN Yes

    Property Features

    Cap Rate 3.18 Gross Multiplier 19.18 Gross Operating Income 621951.00 Improvements Amount 452071 Land Value 182499 Net Operating Income 390874.00 Special Listing Conditions Standard Total Expenses 231077.00 Zoning Smr3*

    Listing provided courtesy of Zachary Freehling of Coldwell Banker Residential Br


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-05-24T00:41:09.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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