1428 12Th Street, Santa Monica, CA 90401
-
Listed Price :
$10,995,000
-
Beds :
38
-
Baths :
38
-
Property Size :
17,880 sqft
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Year Built :
1963
Property Description
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 lot, tenants can choose from one of 2 oversized studio units, 16 large 2-bed, 1-bath units, or 2 substantial3-bed, 1-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 SchoolOne. 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.
Interior Features
| Bedroom Information |
| Bedrooms |
38 |
| Bathroom Information |
| Bathrooms |
38 |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
1428 12Th Street |
| City |
Santa Monica |
| State |
CA |
| Zip |
90401 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Taksa DRE #01366169 |
| Co-Listing Agent |
Robert Renshaw DRE #01332831 |
| Courtesy Of |
Remax Commercial and Investment Realty |
| List Price |
$10,995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
17,880 |
| Lot Size |
15,009 |
| Year Built |
1963 |
Listing information courtesy of: Jonathan Taksa, Robert Renshaw, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 27th, 2024 at 1:06 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
