Property listed by ENGEL & VÖLKERS Santa Monica, Sandra Miller 310-460-2525
$3,800,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
13
Square Ft.
7,068
Lot Size
0.17 Acres
Year Built
1957
MLS Number
25553163
Additional Details
Building
Built in 1957, Living area: 7068.0, 1 building, Building faces West, 2 stories, Levels: One
Cooling
None
Disclosures
TrustConservatorship
Accessibility Features
None
Exterior Features
Patio/Porch Features: None
Fireplaces
None
Garage
8 spaces
Heating
WallFurnace
Income
Gross Income: $250,044, Net Operating Income: $166,945
Laundry
CommonArea
Lot
0.1726 acres
Parking
2 open parking spaces, 10 total parking spaces, Driveway
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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