817 12th Street
817 12th Street
$5,125,000
7
18
10,639
10,639
$482
Description
With its phenomenal location just south of Montana Avenue, the 12th Street Apartments is a fantastic reposition opportunity. There are currently 4 vacant apartments that can be renovated and rented shortly after closing. With ample parking, an oversized lot, and just 12 short blocks from Inspiration Point and Palisades Park, this property is ripe with options. Please note there is a deed restriction on the existing 11 units with the City of Santa Monica requiring units to be rented to 30% AMI Households....With its phenomenal location just south of Montana Avenue, the 12th Street Apartments is a fantastic reposition opportunity. There are currently 4 vacant apartments that can be renovated and rented shortly after closing. With ample parking, an oversized lot, and just 12 short blocks from Inspiration Point and Palisades Park, this property is ripe with options. Please note there is a deed restriction on the existing 11 units with the City of Santa Monica requiring units to be rented to 30% AMI Households. However, Section 8 program tenants qualify and this allows for the units to be rented close to market with the the Section 8 program paying the bulk of their rent. (Buyer to independently verify.) Importantly there is also the potential to add multiple non-rent-restricted ADUs given the garages located both in front and back of the building. The property is currently on the City of Santa Monica soft-story retrofit list and completion of the soft-story retrofit can occur concurrently with the ADU construction. Buyer to verify all of the above with the City of Santa Monica. (Please note the retofit due date was September 2023, per the City’s website.)
- Listed by Warren Berzack • DRE #01329015 • Brokerage DRE #01191898 • Lee & Associates • 818-269-2979
Property Details for 817 12th Street
Parking Spaces Total
16
Private PoolNo
Total Units11.0
Building TypeAttached
Lot Size SourceAssessor
Living Area10639
Assessor Parcel Number4281-016-017
Property Attached YNtrue
Location
LISTING UPDATED: 03/21/2024 10:41 PM
Property Details for 817 12th Street
Status | Active |
---|---|
MLS # | SR24031982 |
Days on Market | 74 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1966 |
County | Los Angeles County |
Location
Building Information for 817 12th Street
Building/Complex817 12th StFloor-Stories3Residences-Pet Policy-Year Built1966Building Size-
Payment Calculator
$33,637 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 817 12th Street
Property History for 817 12th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 817 12th Street
Taxable ValueLand$3,982,401Additions$1,710,042Total$5,692,443
Tax Record2023$68,018 ($5,668 / month)
Home Facts
Total Finished SqFt10,639 SqFtAbove Grade Finished SqFt10,639 SqFtLot Size7,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningSMR2*CountyLOS ANGELESAPN4281-016-017
Schools near 817 12th Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Roosevelt Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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