1050 12th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$3,800,000 USD
213-364-9815
1050 12th St, Santa Monica, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/30
null | 4.39% Cap Rate

1050 12th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • 2024 new roof & gutters
  • 2025 new electrical panels

OVERVIEW

Invest in one of Santa Monica's most sought-after corridors. Located in the heart of Wilshire-Montana on a charming tree-lined stretch of 12th Street, this 10-unit apartment building offers a desirable mix of 1-bedroom, and 2-bedroom units. New Roof, new gutters and new sub-panels in 2024 and 2025. Tenants enjoy immediate access to the vibrant offerings on Montana Avenue just a few blocks away, where boutique shopping, cozy cafes, and some of the Westside's best dining create a true neighborhood experience. Easy access to Palisades Park and the beach. This is an ideal opportunity for investors seeking long-term value in a trophy coastal location with consistent tenant demand, well-maintained interiors, and the potential for rent upside. One unit delivered vacant.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$538 USD /SF

# OF UNITS

10

PRICE/UNIT

$380,000

CAP RATE

4.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R3, Santa Monica

APN/PARCEL ID

4281-021-010

ASK ABOUT THIS PROPERTY

Sandra MillerEngel & Volkers Santa MonicaMore Info
213-364-9815

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Sandra MillerEngel & Volkers Santa MonicaMore Info
213-364-9815

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