1937 12th Street

Property Overview

1937 12th Street is a six-unit Santa Monica apartment property offered for the first time in over 40 years at $1,850,000. Built in 1949, the property has approximately 3,954 square feet of building area on a 7,497 square foot lot. The unit mix is one two-bedroom, one-bath residence and five one-bedroom, one-bath residences, including two upstairs junior one-bedrooms. A bungalow-style frontage, covered porch and landscaped walkway give the property a residential feel. Five single-car garages provide enclosed parking, and the soft-story retrofit has been completed.

Investment Highlights

• $1,850,000 asking price; $308,333 per unit and $467.88 per building SF.
• First time offered in over 40 years; professionally managed for years.
• Six residences: one 2BR/1BA and five 1BR/1BA, including two upstairs junior one-bedrooms.
• Five single-car garages and a completed soft-story retrofit.
• Approximately 3,954 building SF on a 7,497 SF lot.
• Bungalow-style frontage, covered porch and landscaped walkway near Pico Boulevard amenities.

Neighborhood

Pico Boulevard offers nearby restaurants, coffee shops and everyday services. Santa Monica College and the Pico Farmers Market at Virginia Avenue Park add to the neighborhood amenities, with Santa Monica State Beach and the city's beachfront destinations within reach.