817 12th Street, Santa Monica (90403)
$5,125,000
0 
0
10,639
PROPERTY DETAILS
| Address: |
view address Santa Monica, CA 90403 Map Location |
Features: | Multi-level |
|---|---|---|---|
| Square Feet: | 10,639 sq.ft. | Lot Size: | 7496.0 |
| Year Built: | 1966 | Property Type: | Apartment |
| County: | Los Angeles | List Date: | 2024-02-13 |
| Listing Number: | SR24031982 | Listing Office: | 818-269-2979 |
PROPERTY DESCRIPTION
With its phenomenal location just south of Montana Avenue, the 12th Street Apartments is a fantastic reposition opportunity. There are currently 4 vacant apartments that can be renovated and rented shortly after closing. With ample parking, an oversized lot, and just 12 short blocks from Inspiration Point and Palisades Park, this property is ripe with options. Please note there is a deed restriction on the existing 11 units with the City of Santa Monica requiring units to be rented to 30% AMI Households. However, Section 8 program tenants qualify and this allows for the units to be rented close to market with the the Section 8 program paying the bulk of their rent. (Buyer to independently verify.) Importantly there is also the potential to add multiple non-rent-restricted ADUs given the garages located both in front and back of the building. The property is currently on the City of Santa Monica soft-story retrofit list and completion of the soft-story retrofit can occur concurrently with the ADU construction. Buyer to verify all of the above with the City of Santa Monica. (Please note the retofit due date was September 2023, per the City�s website.)
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Interior
Features
| Laundry Features: | Common Area | Laundry: | Yes |
Exterior
Exterior and Lot
| Lot features: | Landscaped |
Pool and Spa
| Pool Features: | None |
Parking
| Parking features: | Assigned | Garage spaces: | 6 |
Property and Lot Details
Features
| Community Features: | Curbs, Sidewalks, Street Lights |
Other
| Sewer: | Public Sewer |
Fee
| Special Listing Conditions: | Standard |
Building Information
| Year Built: | 1966 | Stories: | 3 |
Lot
| Lot Dimensions: | 7496.0 |
Construction
| Building Area total: | 10639.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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