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iQsold inc
1810 12th St, Santa Monica, CA 90404
- $2,525,000
- 13
- BD
- 7
- BA
- 5,190
- SqFt
- Sold Price
- $2,525,000
- List Price
- $2,500,000
- Closing Date
- Oct 20, 2025
- MLS#
- 25575313
- Year Built
- 1963
- Bedrooms
- 13
- Bathrooms
- 7
- Living Sq. Ft
- 5,190
- Lot Size
- 7,516
- Lot Location
- Alley Access
- Days on Market
- 19
- Property Type
- Multifamily
- Stories
- 2
Property Description
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.
Additional Information
- Association Amenities
- None
- Other Buildings
- None
- Pool Description
- None
- Heat
- Electric
- Cooling
- None
- View
- None
- Number of Cars in Garage
- None
- Water
- Public
Mortgage Calculator
Courtesy of ENGEL & VÖLKERS Santa Monica, Sandra Miller - CA DRE#01446377 Selling Office: .
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