$9,295,000

1428 12th Street, Santa Monica, CA 90401

  • 38 beds |
  • 38 baths |
  • 17,880 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $520/sqft
  • Property List Date Icon Listed 1 month ago

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, 1.5-bath units, or 2 substantial 3-bed, 1.5-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 School One. 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.

Listing Status:
Active
Date Added:
September 25, 2025 at 05:00AM
Listing Office:
REMAX COMMERCIAL & INVESTMENT REALTY : 310-802-2500
Listing Agent:
Robert Renshaw : 424-293-4770
MLS ID:
25597703
  • Heating: Wall Furnace
  • Parking: CarportParking spaces: 23
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: SMR3*4282024027
  • Source: CRMLS_CL

This listing courtesy of Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McKinley Elementary School

2401 Santa Monica Blvd, Santa Monica, CA, 90404

Grades KG-5

0.91 miles away

L

Lincoln Middle School

1501 CA Ave, Santa Monica, CA, 90403

Grades 6-8

0.54 miles away

S

Santa Monica High School

601 Pico Blvd, Santa Monica, CA, 90405

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.