
Multifamily listing
827 12th
for sale in
Santa Monica
Turnkey Complex in SM, 1/2 Block South of Montana
Listed Price
$
4,395,000
6
Number of Units
1927
Year Built
6,746
SF
Square Footage
7,484
SF
Lot Size
SMR2
Zoning
827 12th St, Santa Monica, CA 90403
About the Property
827 12th St is a Spanish-style 6-unit Santa Monica multifamily property located just 0.5 blocks south of Montana Ave, one of the Westside’s most established and tightly held residential corridors. The property combines architectural character, renovated interiors, and a location that consistently commands premium rents in a supply-constrained coastal submarket.
Set on a quiet residential street, the building offers a boutique scale that appeals to long-term, high-income tenants seeking walkability, privacy, and proximity to both the beach and daily retail. Assets of this size and quality rarely trade this close to Montana Ave, particularly in turnkey condition.
A Montana Avenue Location That Continues to Set the Bar
827 12th St benefits from immediate access to Montana Ave’s retail and dining corridor, where long-standing cafés, boutiques, fitness studios, and neighborhood services define the daily lifestyle. The property is also within walking distance of the beach and Downtown Santa Monica, creating a rental profile that consistently attracts professionals, couples, and small households willing to pay for location and quality.
This portion of Santa Monica remains one of the most durable rental pockets on the Westside, supported by high household incomes, limited new supply, and long-term tenant retention. Demand in this corridor is driven by lifestyle fundamentals rather than short-term market cycles.
Unit Mix and Renovation Profile
The property consists of (4) 2-bed, 1.5-bath units averaging approx. 1,350 SF and (2) 1-bed units averaging approx. 525 SF. The larger 2-bed layouts are especially competitive in this submarket, offering flexibility for work-from-home use, roommates, or tenants seeking additional living space.
Interiors have been thoughtfully renovated with hardwood flooring, quartz countertops, stainless steel appliances, updated cabinetry, and refreshed bath finishes. The renovation scope supports premium rental positioning while minimizing near-term capital expenditure exposure for future ownership.
Courtyard Setting and Parking in a High-Demand Submarket
827 12th St is organized around a landscaped central courtyard that provides a quiet, residential atmosphere and a meaningful quality-of-life benefit for tenants. Mature landscaping softens the building’s footprint and reinforces the boutique feel of the property.
The building includes (5) private 1-car garages, a valuable amenity in this portion of Santa Monica where off-street parking is limited and highly sought after. The combination of courtyard layout and garage parking enhances tenant retention and strengthens long-term operating stability.
Market Position and Long-Term Appeal
Santa Monica continues to rank among the most competitive multifamily markets in Los Angeles County, driven by a combination of coastal access, employment density, and limited developable land. Properties of this scale and quality near Montana Ave benefit from long-term scarcity rather than reliance on short-term rent growth assumptions. 827 12th St is positioned to maintain strong occupancy and durable rent levels through market cycles, supported by location, unit size, and renovation quality rather than speculative upside.
Conclusion
827 12th St represents a stabilized Santa Monica multifamily opportunity in one of the Westside’s most established residential corridors. The Spanish-style architecture, renovated interiors, oversized 2-bed layouts, courtyard setting, and garage parking combine to create a property that appeals to both tenants and long-term investors.
For buyers seeking a well-located, low-turnover asset with enduring demand fundamentals near Montana Ave, 827 12th St offers a clear, disciplined investment profile rooted in location, quality, and long-term durability.
827 12th St.
Westside / SM / Venice
Listed Price
$4,395,000
Number of Units
6 Units
Price per. Unit
$732,500
Bldg. Size
6,746 SF
Price per Foot
$665
Lot Size
7,484 SF
Year Built
1927
Current CAP
4.49%
Market CAP
5.40%
Zoning
SMR2
Download the OM to view Property Highlights, Financials & Sales Comparables
Price P/ Unit
$732,500
Price p/ Sq. ft.
$665
Proforma Cap Rate
5.40%




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