$4,395,000
$1M PRICE DROP

Estimated payment $28,342/month

Total Views 5,327
10 Beds
8 Baths
6,746 Sq Ft
$651 Price per Sq Ft

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Central Heating
  • Roosevelt Elementary School Rated A+
  • Built-In Features
  • Gated Home

About This Home

Nestled in one of Santa Monica's most sought-after neighborhoods, 827 12th Street is a well-maintained Spanish-style gem that embodies the quintessential SoCal lifestyle. Just half a block south of Montana Avenue, residents enjoy easy access to premier boutiques, world-class dining, and top-tier wellness destinations. With the beach and Downtown Santa Monica less than a mile away, this property offers the perfect balance of relaxation and convenience. The building is comprised of (4) spacious 2-bdrm. 1.5-bath units and (2) 1-bdrm. units, with the 2-bed units averaging approx. 1,350 SF and 1-bed units approx. 525 SF. Renovated interiors feature wood flooring, quartz countertops, stainless steel appliances, and updated cabinetry and tilework. Bright, airy layouts and modern finishes make these units highly desirable in an area known for attracting high-net-worth tenants who take pride in their homes and community. The property is surrounded by lush landscaping, offering a tranquil communal courtyard for residents to enjoy. Additional amenities include five private 1-car garages, ensuring ample parking and convenience. This is a rare opportunity to own a turnkey investment in one of the most affluent and high-demand rental markets on the Westside. Don't miss your chance to secure a timeless asset in Santa Monica's most coveted location.

Listing Agent

Kenny Stevens

Compass License #01090251 Listed on: 02/25/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927 | Remodeled

Lot Details

  • 7,484 Sq Ft Lot
  • West Facing Home
  • Gated Home

Parking

  • 5 Car Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 6,746 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4281-016-015

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1927 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 6746
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Tile
  • Bedrooms: 10
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Washer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Hood Fan
  • Price Per S Q F T: 651.50

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Paved: Yes
  • View: No

Garage/Parking

  • Garage Spaces: 5
  • Parking Garage: Garage - 1 Car
  • Total Parking: 5

Utilities

  • Heating: Central
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 4281-016-015
  • Lot Location: Alley Access
  • Lot Size Area: 7484

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.49
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 98200
  • Type Of Units: Apartments
  • Vacancy Rate: 0 units

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $4,395,000 -2.1% $651 / Sq Ft
04/30/2025 04/30/25 Price Changed $4,490,000 -10.0% $666 / Sq Ft
03/12/2025 03/12/25 Price Changed $4,990,000 -9.1% $740 / Sq Ft
02/25/2025 02/25/25 For Sale $5,490,000 0.0% $814 / Sq Ft
10/06/2024 10/06/24 For Rent $5,495 -- --
Source: The MLS

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Source: The MLS

MLS Number: 25503521

The MLS