1027 12th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$2,575,000 USD
818-970-0915
1027 12th St, Santa Monica, CA for Sale
$2,575,000 USD
Apartments - FOR SALE
1/23
null | 3.8% Cap Rate

1027 12th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Features Bungalow Style Units & Detached Duplex.
  • The Soft-Story Retrofit Has Been Completed With Permits
  • Upgraded Electric System
  • (5) 1 Car Garage Spaces
  • Prime Location | Wilshire-Montana

OVERVIEW

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. Do not disturb tenants. Exempt Seller Trust Sale Subject to Court Confirmation & Overbid. The property is being sold "as is", "where is", "with all faults known or unknown", with absolutely no representations or warranties, past or present, and subject to the Trust Advisory. Please text or email David Weinberger to schedule showings or with any questions. Buyer to verify all MLS info, including permits & uses, bed/bath counts, SQFT, schools & their enrollment availability, and accuracy of all info provided.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$534 USD /SF

# OF UNITS

4

PRICE/UNIT

$643,750

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bungalow Style Fourplex in Wilshire-Montana

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,479 SF

ZONING

SMR2

APN/PARCEL ID

4281-018-020

ASK ABOUT THIS PROPERTY

David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

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David WeinbergerSeymour | Weinberger GroupMore Info
818-970-0915

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.