Residential Income – 1428 12th St, Santa Monica, CA 90401, USA -001-11-30T00:00:00-08:00
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
1428 12th St, Santa Monica, CA 90401, USA
$12,300,000 USD
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Address1428 12th Street, Santa Monica
Price$12,300,000
Year Built1963
Bedrooms Total0
Living Area17,880
Lot Size (Sq.Ft.)15,004
Listing ID19440834
StatusActive
Parcel Number4282024027
ZoningSMR3
Special ConditionsStandard
Days on Market13

Detailed 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 4×10 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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Address Information
Address1428 12th Street, Santa Monica
Street SuffixStreet
CitySanta Monica
Location (MLS Area)C14 – Santa Monica
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90401
Financial Information
Price per Square Foot$687.92
Price per Lot Square Foot$819.78
Special ConditionsStandard
Total Expenses$231,077
Gross Operating Income$621,951
Net Operating Income$390,874
Gross Multiplier19.18%
Improvements Amount$452,071
Land Value$182,499
Tax Year2000
Full Descriptions
Parcel Number4282024027
Detailed Description1424-1428 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 4×10 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.
Lot FeaturesSprinklers None
Appliances DescriptionRefrigerator, Freezer, Dishwasher
Parking FeaturesCovered Parking
Property parameters
Year Built1963
Living Area (Sq.Ft.)17,880
Lot Size (Sq.Ft.)15,004
Lot Size (Acres)0.344
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total20
ZoningSMR3
Stories Total2
Units Total20
Cap Rate (For Cash Payment Only)3.18
Listed withZachary Freehling (Coldwell Banker Residential Br)