1511 12th Street 1&2,ABCD

Santa Monica , CA 90401

MLS#: 25613209

$3,100,000

Status: Active
Listing number: 25613209
Listing provided by: LA Commercial
Listing agent phone: None
Last update: 2 days ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

5,443

Reduced for a quick sale. The only Santa Monica deal with positive leverage (5.71% CAP on current). Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse's are leased until June 2026. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Parking is provided with four garages and one carport on-site. 2 garages and the carport are included in leases. Street parking is ample. ADU Plans are underway to convert the garages into an additional unit.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Parking

    Carport, Garage

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1722

  • Property Type

    Residential Income

Price

  • Sales Price

    $3,100,000

  • Sq. Footage

    5, 443

  • Price/SqFt

    $569

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Peter Ciriello , LA Commercial

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Reduced for a quick sale. The only Santa Monica deal with positive leverage (5.71% CAP on current). Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse's are leased until June 2026. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Parking is provided with four garages and one carport on-site. 2 garages and the carport are included in leases. Street parking is ample. ADU Plans are underway to convert the garages into an additional unit.

1511 12th Street 1&2,ABCD

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

We are proud to present a rare opportunity to acquire a well-located, 6 unit multifamily asset in the heart of Santa Monica, just a few blocks away from the beach. Built in 1963, the property spans approximately 7,763 square feet on a 7,485 square feet lot and boasts an exceptional unit mix of two 2-bedroom / 1.5-bath townhouse style units, three 3-bedroom / 2-bath units, and one 3-bedroom/1.5-baths townhouse -style unit. The units feature spacious floor plans and ample closet space. The well-maintained property is separately metered for gas & electric, serviced by a central water heater, and offers an on-site laundry facility, one 2-car garage with storage rooms, and five carport parking spaces with storage bins. In recent years, the property has had significant capital improvements including a newer roof, copper plumbing in most units, multiple updated electrical sub-panels, replacement of a complete full main sewer line, and a new water heater in the laundry room. Two units have been extensively upgraded to include individual tankless water heaters & in-unit laundry, upgraded flooring, new kitchens with new shaker cabinetry, quartz countertops, stainless-steel appliances including gas stove, refrigerator, microwave & dishwasher, new bathrooms, dual pane windows, and new lighting. These upgrades address deferral maintenance, improve building functions, enhance tenant experience, and will meaningfully increase the long-term value & performance of the property. The current rent is still below the market, a new owner is presented with the opportunity to increase rent to market price upon vacancy and further increase rental income with complete unit renovations of remaining unrenovated units. Additionally, the architectural work for the back carport ADU conversion is completed and ready to pull permits. This project will create two rentable studio units and will significantly increase both property value and cash flow. With stable income in place and meaningful upside through interior renovations and tenant turnover, the property presents a compelling blend of immediate cash flow & long term appreciation potential. This is a rare chance to own a turnkey asset in one of the most affluent & high-demand rental markets in Southern California.
#AR25274046

Santa Monica

1813 9th Street

None Beds

None Baths

7,763 Sq.Ft.

$3,250,000

MLS#: AR25274046

Opportunity Knocks! This exceptional six-unit apartment building in prime Santa Monica, located west of Lincoln Boulevard, offers a rare investment opportunity with 3 out of 6 units vacant. This property features an ideal unit mix, including two spacious, two-story townhome-style 3B+2Ba units in the front building, both currently vacant, and four 2B+1Ba units in the rear building, 1 of which is vacant. This combination provides an excellent opportunity for an owner-user or an investor seeking immediate income potential. With its desirable location, strong unit mix, and upside rental potential, this property is a standout choice for investors or buyers seeking a versatile and valuable asset in Santa Monica, one of LA's most sought-after neighborhoods. Trust Sale - No request for repairs or credit will be considered. Do Not Disturb Tenants. Do Not Walk Property.
#25625323

Santa Monica

711 Grant Street

14 Beds

None Baths

6,128 Sq.Ft.

$2,495,000

MLS#: 25625323

Introducing this fully vacant, newly renovated duplex located in a prime pocket of Santa Monica zoned as R-3 lot. Offering a combined 1,800 sq ft, both units feature a thoughtfully designed 2 bedroom / 2 bathroom layout, making this an exceptional opportunity for owner-users, investors, or those seeking rental income with modern comfort and convenience. Each unit is highlighted by vaulted ceilings and an airy open-concept living room and kitchen, enhanced by luxury vinyl plank flooring and recessed lighting. The stylish kitchens include stainless steel appliances and farmhouse sinks, while the in-unit laundry adds valuable everyday convenience. Both primary bedrooms offer en-suite bathrooms, finished with ceramic mosaic tile shower flooring and contemporary fixtures that create a fresh, modern aesthetic. Extensive upgrades provide peace of mind and move-in ease, including new HVAC systems, updated electrical, updated plumbing , new exterior stucco, new landscaping, and an inviting outdoor deck. The property also includes parking spaces at the rear. A standout feature is the preliminary ADU plans for potential construction in the back—offering excellent upside and added long-term value. Perfectly situated in the heart of Santa Monica, this duplex is moments from Providence St. John’s Health Center, the Metro line, Montana Ave, Wilshire Blvd, Santa Monica Blvd’s countless shops and restaurants, Santa Monica beach, and access to top-rated schools. A rare chance to own a fully renovated, move-in ready duplex with remarkable potential in one of Santa Monica’s most coveted neighborhoods.
#SB25265896

Santa Monica

1247 25th Street

None Beds

None Baths

1,800 Sq.Ft.

$2,595,000

MLS#: SB25265896

Price reduced
The building is 100% vacant, allowing immediate repositioning at market rents, an exceptional opportunity given Santa Monica's rent control restrictions. This 3,441 square foot property features one and two bedroom units, on site parking, and separate gas and electric meters. Walkable to the beach, Urth Caff, Abbott Kinney and Main Street amenities, the location offers lasting appeal for tenants and investors alike.
#25618251

Santa Monica

2922 2nd Street

8 Beds

None Baths

3,441 Sq.Ft.

$2,795,000

MLS#: 25618251

5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!
#25612851

Santa Monica

1824 10th Street

5 Beds

None Baths

3,225 Sq.Ft.

$2,700,000

MLS#: 25612851

Price Reduced *** Excellent Opportunity for Development or Place of Worship includes a Single Family detached Home (Zoned R-2), Rare opportunity to own a versatile property in the heart of Santa Monica. This property includes a church featuring soaring ceilings, stunning architectural details, and abundant natural light. Ideal for continued use as a place of worship or reimagining as a performance space, art gallery, or community center etc. The City of Santa Monica may allow building Residential Housing, ADU’s and Multifamily Apartments or Condo’s making this an excellent opportunity for investors seeking lucrative upside potential. Lot size is approximately 14,000 Square Feet. The Single-Family home is charming, well-maintained residence featuring 3 bedrooms, 1 Bathroom with a detached garage. Property features a spacious living room, and a private yard—perfect for a family or use as a rental property. The property offers easy access to world-class dining, shopping, beaches, and top-rated schools. Whether you're looking for a unique investment, a live-work opportunity, or a property with endless potential, this property delivers. Last put not least the Seller is willing to finance a first trust deed. See Remarks.
#WS25244076

Santa Monica

836 Cedar Street

None Beds

None Baths

7,539 Sq.Ft.

$3,700,000

MLS#: WS25244076

Great Unit Mix Consisting of Six 2 Bedrooms & One 1 Bedroom. Parking Space for All Units. Nice Large Floor Plans with Ample Closet Space. Some Units Have Private Patios, 2 Have Shared Patios. One Unit has Private Front Yard And Washer & Dryer. Hardwood Flooring In Some Units. Upgraded Units Have Dishwasher. Walk Or Bike To All The Happening Stores & Restaurants Right Here On Montana Ave. See OM in Documents for more detailed information. DO NOT DISTURB TENANTS. SEE INSIDE WITH ACCEPTED OFFER.
#25607249

Santa Monica

2102 Montana Avenue

13 Beds

None Baths

6,353 Sq.Ft.

$3,200,000

MLS#: 25607249

1031 Exchange and Passive Income Investors: Park your cash in this turnkey, fully renovated six-unit building with TWO VACANT UNITS in a prime Santa Monica location and a projected 4 - 5% CAP! Offering both stability and flexibility, this property is ideal for investors and owner-users alike - two vacant units are ready to rent at market rates or occupy for the perfect blend of income and coastal living. Fully remodeled from top to bottom, this building is truly turnkey - a dream for those seeking a low-maintenance, high-return investment in one of the Westside's most sought-after rental markets. The unit mix includes (2) 2-bedroom + den units - each with flexible space that can function as a third bedroom, and (4) classic 2-bedroom/1-bath layouts. Five of the six units have been newly updated with split-system A/C, double-paned windows, upgraded electrical, sleek vinyl flooring, and abundant natural light. Tenants will love the modern touches throughout, from recessed lighting and chic wallpaper to designer-tiled bathrooms. The kitchens shine with brand-new stainless-steel appliances, two-toned glossy cabinetry, and quartz countertops. A sunny communal courtyard offers the perfect outdoor hangout for tenants, while the property also features TONS of parking with four covered carport spaces, two private one-car garages, and on-site laundry for additional income. Each unit has its own unique character- an unbeatable combination in one of LA's most desirable coastal markets. Just half a mile from the beach and minutes to Ocean Park's vibrant restaurants, cafes, Whole Foods, the Farmers Market, and the Expo Line. A true Santa Monica gem offering the best of both worlds: effortless income, long-term growth, and the coastal lifestyle everyone wants.
#25605965

Santa Monica

1838 20TH Street

12 Beds

None Baths

5,748 Sq.Ft.

$3,495,000

MLS#: 25605965

This 9 unit apartment building consists of 3 buildings on one lot with a 4 plex of 1BRs, a townhouse duplex with 2BRs and 3 studios above 5 garages. It is conveniently located in central Santa Monica on a desirable corner lot at 20th St and Arizona Ave. Less than a 10 minute walk from markets, restaurants and public transportation along the Wilshire Blvd corridor. Across the street from a well known bakery, boutique hotel, and a Santa Monica Medical Center, this building is dual zoned as residential and Health Care Commercial for added value. Recent renovations completed on multiple units. See attached offering memorandum for additional information.
#SR25231231

Santa Monica

1916 1930 Arizona

None Beds

None Baths

6,003 Sq.Ft.

$3,425,000

MLS#: SR25231231

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service