831 12th Street

Santa Monica, CA 90403

$3,130,000
Last Sold Price
8
Beds
4
Baths
5,020 Sq. Ft.
$624 / Sq. Ft.
5,020
Sq. Ft.
$624
per Sq. Ft.

Description

831 12th Street, a charming Spanish-style fourplex located in the highly-desired beach community of Santa Monica. Located on a tree-lined residential block just south of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1928, the 5,020 SF two-story trophy asset sits on a 7,523 SF lot and is comprised of (4) two-bedroom and one bath units. Please note, each unit has been individually metered for gas and electricity. Additional...831 12th Street, a charming Spanish-style fourplex located in the highly-desired beach community of Santa Monica. Located on a tree-lined residential block just south of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1928, the 5,020 SF two-story trophy asset sits on a 7,523 SF lot and is comprised of (4) two-bedroom and one bath units. Please note, each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped community courtyard and (4) private one-car garages. 831 12th Street presents significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. With a trendy location that is consistently under high demand among high-earning young professionals, 831 12th Street affords investors the opportunity to acquire a well-maintained investment property in this ever-growing metropolitan beach com

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Property Details for 831 12th Street

Zoning
SMR2
Style
Spanish
Cross Streets
12th Street and Montana Avenue
Parcel Number
4281016014
Total Units
4.0
Living Area
5020
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Sold By Keller Williams R. E. Services, Layla Alamdari, DRE #02112102

Add your commute
LISTING UPDATED: 09/01/2021 12:01 PM

Property Details for 831 12th Street

StatusSold
MLS #21-746036
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.17 AC / 7,523 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Sold By Keller Williams R. E. Services, Layla Alamdari, DRE #02112102

Add your commute

Virtual Tour

Building Information for 831 12th Street

Stories2Residences-Year Built1928Building Size-Lot Size0.17 AC / 7,523 SF

Payment Calculator

$20,276 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,082

Property Taxes

$3,194

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 831 12th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $107,892
  • Net Operating Income: $59,416.00
  • Gross Income: $107,892
  • Gross Rent Multiplier: $31.51
  • Financial Info as Of: 06/07/2021
  • Total Annual Expense: 48476
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Size Square Feet: 7523
  • Lot Location: Alley Access
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins, Dishwasher, Freezer, Range/Oven, Refrigerator
  • Common Walls: Attached
  • Laundry: Community
  • Virtual Tour Url: https://vimeo.com/554942331
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-07-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,152.00
  • Unit Actual Rent: $2,152.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,142.00
  • Unit Actual Rent: $2,142.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,956.00
  • Unit Actual Rent: $1,956.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 831 12th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 831 12th Street

Taxable ValueLand$2,244,000Additions$948,600Total$3,192,600
Tax Record2023$38,324 ($3,194 / month)
Home Facts
Total Finished SqFt5,020 SqFtAbove Grade Finished SqFt5,020 SqFtLot Size7,523 SqFtStyleQuadraplexZoningSMR2*CountyLOS ANGELESAPN4281-016-014

Schools near 831 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.

Similar Homes

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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.