1454 12TH Street

    Santa Monica, CA 90401
    • $2,250,000
    • STATUS: Active Under Contract
    • ON SITE: 256 days
    • ID#: 17258834
    Under Contract
    UPDATED: 63 min ago
    $2,250,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,777
      SQFT
    • $596
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage will offer new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Subject properties are centered in a prime Santa Monica location. In close proximity to (less than one mile) Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Trust Sale / Court Confirmation Required. Must be sold with neighboring property (1448 12th Street).

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    Based on information from CARETS as of 2018-04-21T23:47:04.343. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.
    www.lydiagable.com/homes/75614563

    1454 12TH Street Santa Monica, CA 90401

    • Price: $2,250,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • ID#: 17258834
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,777
    SQFT
    $596
    $/SQFT
    1925
    Built
    Neighborhood:
    Santa Monica (C14)
    County:
    Los Angeles
    Area:
    Santa Monica (C14)
    Property Description
    Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage will offer new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Subject properties are centered in a prime Santa Monica location. In close proximity to (less than one mile) Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Trust Sale / Court Confirmation Required. Must be sold with neighboring property (1448 12th Street).
    Exterior Features

    Parking Spaces Total 0 Parking Type On Street

    Interior Features

    Appliances None Cooling Type Ceiling Fan(S) Heating Type None Levels One Level Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 1.0 Unit Number Of Bath08 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 1 Unit Number Of Bed06 1 Unit Number Of Bed07 0 Unit Number Of Bed08 0

    Property Features

    Adjusted Gross Income 0.00 Buyer Financing Cash Country United States Of America Expense Total Annual 0.00 Gross Operating Income 116604.00 Gross Rent Multiplier 0.00 Hoa YN N Legal Disclosures Court Approval RequiredTrust/Conservatorship Listing Terms Cash Lot Size Source Appraiser Net Operating Income 0.00 Number Of Buildings 4 Special Conditions Probate Square Footage Source Appraiser Unit Monthly Rent01 838.00 Unit Monthly Rent02 1695.00 Unit Monthly Rent03 1419.00 Unit Monthly Rent04 905.00 Unit Monthly Rent05 2000.00 Unit Monthly Rent06 1008.00 Unit Monthly Rent07 763.00 Unit Monthly Rent08 1089.00 Unit Projected Total Monthly Rent01 2900.00 Unit Projected Total Monthly Rent02 2900.00 Unit Projected Total Monthly Rent03 2900.00 Unit Projected Total Monthly Rent04 2900.00 Unit Projected Total Monthly Rent05 2900.00 Unit Projected Total Monthly Rent06 2900.00 Unit Projected Total Monthly Rent07 2900.00 Unit Projected Total Monthly Rent08 1995.00 Unit Total Monthly Rent01 838.00 Unit Total Monthly Rent02 1695.00 Unit Total Monthly Rent03 1419.00 Unit Total Monthly Rent04 905.00 Unit Total Monthly Rent05 2000.00 Unit Total Monthly Rent06 1008.00 Unit Total Monthly Rent07 763.00 Unit Total Monthly Rent08 1089.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Unit Type05 5 Units Total In Complex 8 Zoning Smbcd*

    Listing provided courtesy of Christopher Huddleston BRE#01936516 of The Sher Group.


    Based on information from CARETS as of 2018-04-21T23:47:04.343. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.
     
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