$1,399,000
SOLD MAR 30, 2022

1544 12th St Unit 102 Santa Monica, CA 90401

Pico Neighborhood
1 Bed
2 Baths
1,397 Sq Ft
$387/mo HOA Fee

Recently Sold

$1,001 Per Sq Ft

3 Days on Market

Highlights

  • Primary Bedroom Suite
  • Gated Parking
  • Open Floorplan
  • Roosevelt Elementary School Rated A+
  • 0.34 Acre Lot
  • Main Floor Bedroom

About This Home

As of March 2022

Prime location in heart of Santa Monica. Building designed by award winning architecture firm Pugh + Scarpa. Built in 2002 this loft-style condominium features 1 bedroom and 2 bathrooms, with 1,397 square feet of living space and an approximately 300-square-foot private patio. The home boasts an open floor plan with polished concrete flooring, block walls, and 10 ½’ ceilings. The Large Master Bedroom suite includes a huge walk-in shower, double sink vanity, and walk-in closet with built-in organizers. The main living area flows seamlessly from a spacious kitchen with Sub-Zero refrigerator and GE Monogram 6-burner stove to a great room with a large glass roll-up door out to the patio – perfect for entertaining. Laundry closet located adjacent to kitchen and large gas fireplace in living room.
There are two (2) side-by-side parking spaces outfitted with a 50 Amp electric vehicle charging outlet in a secure subterranean parking garage. Building has low HOA dues and had a new roof put on in 2021. Close to Santa Monica’s best shopping and restaurants, but because 12th Street does not cross the metro tracks, the street is very quiet, with no through traffic. Apple Fitness+ facilities newly constructed across the street.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 02/24/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,486

Year Built

  • Built in 2002

HOA Fees

  • $387 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Electric Vehicle Home Charger
  • Parking Available
  • Gated Parking
  • Controlled Entrance
  • Community Parking Structure

Home Design

  • Modern Architecture
  • Flat Roof Shape
  • Interior Block Wall
  • Copper Plumbing

Interior Spaces

  • 1,397 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Living Room with Fireplace
  • Concrete Flooring

Kitchen

  • Self-Cleaning Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Balcony
  • Open Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Air Source Heat Pump
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Ramp on the main level
  • Two or More Common Walls
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 52682
  • Assessor Parcel Number 4282031047
  • $624 per year additional tax assessments

Community Details

Overview

  • 12 Units
  • 12Th Street Lofts Homeowners Assoc. Association, Phone Number (310) 645-9921
  • Condominimum Administration Company HOA
  • Maintained Community

Amenities

  • Trash Chute

Pet Policy

  • Pets Allowed

Security

  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,486

Year Built

Built in 2002

Lot Details

0

HOA Fees

$387 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: SMR3*
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4282031047
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1397.00 Square Feet
  • Interior Amenities: Balcony, Block Walls, Copper Plumbing Full, High Ceilings, Open Floorplan, Recessed Lighting, Trash Chute
  • Common Walls: 2+ Common Walls
  • Flooring: Concrete
  • Accessibility Features: Ramp - Main Level
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1001.43
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s)
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Patio, Patio Open
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Block

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Community Structure, Controlled Entrance, Concrete, Gated, Subterranean, Electric Vehicle Charging Station(s)
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Electric: 220 Volts in Kitchen
  • Heating Type: Central, Heat Pump
  • Laundry Features: Gas Dryer Hookup, In Closet, In Kitchen, Inside, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Trash, Sewer, Water, Pets Permitted, Controlled Access
  • Association Fee: 387.00
  • Association Fee Frequency: Monthly
  • Association Name: 12th Street Lofts Homeowners Assoc.
  • Phone: 310-645-9921
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: Condominimum Administration Company

Schools

  • School District: Santa Monica-Malibu Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size: 100 X 150
  • Lot Size Sq Ft: 15009.00
  • Lot Size Acres: 0.3446

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15009.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 12

Tax Info

  • Tax Census Tract: 7017.02
  • Tax Lot: 1
  • Tax Tract Number: 52682
  • TaxOtherAnnualAssessmentAmount: 624.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 3, 2022
Sold by
Balbo Brittany A
Bought by
Devita Jason and Devita Jessica
Seller's Agent
Mark Kachigan
Pabst, Kinney & Associates
List Price
$1,399,000
Sold Price
$1,399,000
Current Estimated Value
$1,472,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,872
Avg. Annual Appreciation
1.52%
Original Mortgage
$599,000
Outstanding Balance
$559,665
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$913,207

Purchase Details

Listed on
Jul 22, 2014
Closed on
Aug 17, 2014
Sold by
Brant Randall
Bought by
Balbo Brittany A
Seller's Agent
Shann Silver
Compass
Buyer's Agent
Kim Mac Donald
No Firm Affiliation
List Price
$999,000
Sold Price
$1,050,000
Premium/Discount to List
$51,000
5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.86%
Original Mortgage
$840,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 4, 2011
Sold by
Redd Jay
Bought by
Brant Randall and Brant Dahli

Purchase Details

Closed on
Jan 23, 2007
Sold by
Kelly Mathew Shawn
Bought by
Redd Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2004
Sold by
Hall Richard D
Bought by
Kelly Mathew Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2003
Sold by
Hall Richard D and Hall Richard
Bought by
Hall Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,700
Interest Rate
4.75%

Purchase Details

Closed on
Jan 16, 2003
Sold by
12Th Street Lofts Llc
Bought by
Hall Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.87%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,399,000 Western Resources Title
Quit Claim Deed -- Western Resources Title
Grant Deed $1,050,000 Chicago Title
Grant Deed $655,000 Equity Title Company
Grant Deed $1,075,000 Southland Title Company
Grant Deed -- Southland Title
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed -- Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $599,000 New Conventional
Previous Owner $638,000 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $840,000 Adjustable Rate Mortgage/ARM
Previous Owner $860,000 New Conventional
Previous Owner $993,000 Unknown
Previous Owner $31,500 Unknown
Previous Owner $52,000 Stand Alone Second
Previous Owner $732,000 Fannie Mae Freddie Mac
Previous Owner $600,000 Purchase Money Mortgage
Previous Owner $413,700 No Value Available
Previous Owner $410,000 No Value Available
Closed $75,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $1,399,000 0.0% $1,001 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $1,399,000 +33.2% $1,001 / Sq Ft
09/05/2014 09/05/14 Sold $1,050,000 +5.1% $731 / Sq Ft
07/22/2014 07/22/14 For Sale $999,000 -- $696 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $17,486 $1,484,628 $991,698 $492,930
2024 $17,486 $1,455,518 $972,253 $483,265
2023 $17,204 $1,426,980 $953,190 $473,790
2022 $14,541 $1,189,151 $774,082 $415,069
2021 $14,175 $1,165,835 $758,904 $406,931
2019 $13,934 $1,131,258 $736,396 $394,862
2018 $13,115 $1,109,077 $721,957 $387,120
2016 $12,636 $1,066,012 $693,923 $372,089
2015 $12,471 $1,050,000 $683,500 $366,500
2014 $8,351 $684,554 $332,871 $351,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22028388

California Regional Multiple Listing Service (CRMLS)

APN: 4282-031-047