NOT LISTED FOR SALE

1027 12th St Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated Value: $2,023,000 - $2,218,000

5 Beds
5 Baths
3,095 Sq Ft
$674/Sq Ft Est. Value

Sale Details

Date Sold: July 9, 2025

Last sale price $2,050,000 $662 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $11,643 / mo

62 Days on Market

Highlights

  • Covered Patio or Porch
  • Built-In Features
  • Tile Countertops
  • Roosevelt Elementary School Rated A+
  • Bathtub with Shower
  • Living Room

About This Home

As of July 2025

Welcome to 1027 12th Street, a premier investment opportunity in the highly desirable Wilshire-Montana neighborhood of Santa Monica. This well-maintained fourplex offers a rare chance to own an income-producing property in one of LA's most sought-after coastal communities.1027 12th Street is a 3,095-square-foot residential income property comprised of four units. The property includes a well-maintained 2-Bed, 2-Bath detached home, a charming 1-Bed, 1-Bath detached bungalow-style unit in the middle of the courtyard, and two pristine 1-Bed + 1-Bath units located above a 5-car garage. This picturesque fourplex is set on a tranquil yard where residents enjoy the plush greenery and the Santa Monica breeze. The on-site laundry room has the potential to be a profit center, charging residents for their laundry to increase cashflow.1027 12th St is located in the coveted Wilshire-Montana neighborhood. One of the most walkable areas in Santa Monica, with tree-lined streets, boutique shops, and an eclectic mix of restaurants along Wilshire Boulevard and Montana Avenue.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 02/18/2025

Keller Williams Studio City

Co-Listed By

David Rothblum

RE/MAX One License #01332525

Last Buyer's Agent

David Messiah

Lyon Stahl Investment Real Estate, Inc. License #02117893

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,481

Parking

  • 5 Car Garage

Home Design

  • Bungalow
  • Turnkey

Interior Spaces

  • 3,095 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Area
  • Laundry Room

Kitchen

  • Oven
  • Gas and Electric Range
  • Tile Countertops

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms
  • Bathtub with Shower

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • Covered Patio or Porch
  • 7,481 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • The owner pays for gardener, water, gas
  • Assessor Parcel Number 4281-018-020

Community Details

Overview

  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

7,481 Sq Ft Lot

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3095
  • Lot Acreage: 0.1717
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Turnkey, Built-Ins
  • Flooring: Vinyl Plank, Tile
  • Appliances: Oven, Gas/Electric Range
  • Bedrooms: 5
  • Bathroom Features: Tile, Shower Over Tub
  • Kitchen Features: Tile Counters
  • Laundry: Inside, Laundry Area, Community
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins, Range/Oven
  • Price Per S Q F T: 831.99

Exterior Features

  • Other Structures: Accessory Bldgs
  • Patio: Porch - Front, Porch - Rear
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 5
  • Parking Garage: Private, Private Garage, Garage - 4+ Car
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window, Wall Unit(s), Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 13.84
  • Assessed Improvement Value: 27362
  • Assessed Land Percent: 86.16
  • Assessed Land Value: 170391
  • Total Assessed Value: 197753
  • Assessor Parcel Number: 4281-018-020
  • Lot Location: City
  • Lot Size Area: 7481

Rental Info

  • Owner Pays: Gardener, Water, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.70
  • Number Of Units: 4
  • Type Of Units: 2
  • Vacancy Allow Percent: 2.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2025
Closed on
Jul 15, 2025
Sold by
Bought by
Seller's Agent
David Weinberger
Keller Williams Studio City
Buyer's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,575,000
Sold Price
$2,050,000
Premium/Discount to List
-$525,000
-20.39%
Views
33
Current Estimated Value
$2,086,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,421
Avg. Annual Appreciation
1.74%
Original Mortgage
$1,537,000
Outstanding Balance
$1,521,053
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$565,368

Purchase Details

Listed on
Feb 18, 2025
Closed on
Jul 2, 2025
Sold by
Bought by
Seller's Agent
David Weinberger
Keller Williams Studio City
Buyer's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,575,000
Sold Price
$2,050,000
Premium/Discount to List
-$525,000
-20.39%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,000
Outstanding Balance
$1,521,053
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$565,368

Purchase Details

Closed on
Jul 14, 2020
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$2,050,000 Lawyers Title
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,537,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/09/2025 07/09/25 Sold $2,050,000 -20.4% $662 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
02/18/2025 02/18/25 For Sale $2,575,000 -- $832 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,698 $201,707 $173,798 $27,909
2024 $3,491 $197,753 $170,391 $27,362
2023 $3,433 $193,876 $167,050 $26,826
2022 $3,367 $190,075 $163,775 $26,300
2021 $3,240 $186,349 $160,564 $25,785
2020 $3,213 $184,439 $158,918 $25,521
2019 $3,169 $180,823 $155,802 $25,021
2018 $2,916 $177,279 $152,748 $24,531
2016 $2,763 $170,396 $146,817 $23,579
2015 $2,722 $167,837 $144,612 $23,225
2014 $2,725 $164,551 $141,780 $22,771
Source: Public Records

Agents Affiliated with this Home

  • David Weinberger

    Seller's Agent in 2025

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    2 in this area

    70 Total Sales

    David Weinberger
    Section Image
  • David Rothblum

    Seller Co-Listing Agent in 2025

    David Rothblum

    RE/MAX

    (818) 400-0803

    1 in this area

    111 Total Sales

    David Rothblum
    Section Image
  • David Messiah

    Buyer's Agent in 2025

    David Messiah

    Lyon Stahl Investment Real Estate, Inc.

    (310) 593-9869

    2 in this area

    25 Total Sales

    David Messiah
    Section Image
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Map

Source: The MLS

MLS Number: 25498865

The MLS

APN: 4281-018-020

California Los Angeles County Santa Monica 90403 Wilshire Montana

1027 12th St, Santa Monica, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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