1448 12TH Street Santa Monica, CA 90401
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 offers 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. Trust Sale / Court Confirmation Required. Must be sold together with 1454 12th Street (Listed at $2.5M).Subject properties are centered in a prime Santa Monica location walking distance (less than one mile) from the Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line.
- Price per Sqft: $2300
- Year Built: 1922
- Stories: 1
- Lot Size: 7,492 SqFt
- Acreage: 0.17
- Parking Type: Driveway - Gravel
- Other Appliances: None
- Total Floors in Building: 1
- Dryer: 0
- Gas: 0
- County: Los Angeles
- Area: C14 - Santa Monica
Directions: West of Lincoln between Santa Monica Blvd. and Broadway.
Listing courtesy of The Sher Group
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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