Located just south of Pico Boulevard and north of Olympic, 1810 12th Street offers investors a stabilized, income-producing property in one of Santa Monica’s most desirable neighborhoods. This well-maintained 2-story building, built in 1963, features seven units totaling 13 bedrooms and 7 bathrooms across approximately 5,190 square feet of living space on a 7,516 square foot lot. The unit mix includes three 2-bedroom units, one 3-bedroom unit, and three 1-bedroom units. The 3-bed/1-bath unit will be delivered vacant at closing, providing immediate potential for an owner-user or market-rate rental. Current gross annual income is approximately $193,992 with an NOI of $157,010, reflecting a GRM of 12.89 and a cap rate of 6.28%. All units are separately metered for gas and electricity. Parking includes 4 covered carport spaces plus additional uncovered spaces with alley access. Just minutes from the beach, Bergamot Arts District, the Expo Line, and a variety of shopping, dining, and employment hubs, this property presents an exceptional long-term hold or value-add opportunity in a prime Santa Monica location.
Property Details
Price:
$2,500,000
MLS #:
25575313
Status:
Active
Baths:
0
Address:
1810 12th Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Aug 11, 2025
State:
CA
ZIP:
90404
Lot Size:
7,516 sqft / 0.17 acres (approx)
Year Built:
1963
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Schools
Interior
Accessibility Features
None
Appliances
None
Cooling
None
Fireplace Features
None
Heating
Electric
Exterior
Parking Features
None
Parking Spots
6.00
Pool Features
None
Sewer
Other
Spa Features
None
Stories Total
2
View
None
Financial
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address1810 12th Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90404
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1810 12th Street
Santa Monica, CA
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