
Multifamily listing
827 12th
for sale in
Santa Monica
Turnkey Complex by Montana Ave in Santa Monica
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 is a classic Santa Monica multifamily property located just half a block south of Montana Avenue, one of the most coveted residential corridors on the Westside of Los Angeles. This Spanish-style six-unit building offers a rare combination of architectural character, turnkey interiors, and walkable access to the beach, high-end retail, and world-class dining.
For Santa Monica multifamily investors, 827 12th represents a compelling opportunity. The combination of architectural distinction, fully renovated units, and premium location positions 827 12th as an attractive acquisition for investors seeking both current income and long-term appreciation in one of Southern California's most affluent rental markets.
Location and Neighborhood Appeal
827 12th is situated just half a block south of Montana Avenue, a tree-lined residential corridor renowned for its upscale boutiques, artisanal cafés, and wellness studios. The Santa Monica multifamily property offers walkable access to the beach and Downtown Santa Monica, creating a highly desirable living environment.
For Santa Monica multifamily operators, the location of 827 12th supports consistent tenant demand and premium rental positioning. The proximity to Montana Avenue's retail and dining amenities, combined with beach access, creates an unmatched lifestyle appeal. The high-income tenant profile supports both occupancy stability and rental rate growth.
Unit Mix and Interior Design
827 12th features an attractive unit mix that appeals to a wide range of renter profiles. The property includes four expansive two-bedroom, 1.5-bath units averaging approximately 1,350 square feet and two one-bedroom units at roughly 525 square feet. Interiors at this Santa Monica multifamily property have been thoughtfully renovated with hardwood flooring, quartz countertops, stainless steel appliances, and updated cabinetry and tilework.
The large, sun-filled layouts and tasteful finishes at 827 12th attract discerning tenants in a submarket known for its high-income, long-term renter base. For Santa Monica multifamily investors, the renovation quality and unit mix reduce near-term capital expenditure risk while supporting premium rental positioning.
Outdoor Spaces and Amenities
One of the defining characteristics of 827 12th is the integration of outdoor living. The Santa Monica multifamily property is surrounded by mature landscaping and features a tranquil central courtyard, a lush, private retreat for residents to relax and unwind. 827 12th includes five private one-car garages, a premium parking feature in this high-demand neighborhood. For Santa Monica multifamily operators, the parking availability is a meaningful competitive advantage. The central courtyard enhances tenant experience and supports retention.
Market Position and Competitive Advantages
With Montana Avenue's boutiques, cafés, and wellness studios just steps away, and the beach and Downtown Santa Monica within walking distance, 827 12th continues to command top-of-market rents and low vacancy rates. The Santa Monica multifamily market remains among the most competitive in the Los Angeles region. For Santa Monica multifamily investors, the market fundamentals support consistent appreciation. The limited supply of quality multifamily properties, combined with strong employment centers, beach proximity, and affluent tenant base, positions 827 12th favorably for long-term value creation.
Conclusion
827 12th represents a stabilized, well-maintained Santa Monica multifamily asset in one of the Westside's most prestigious neighborhoods. The combination of six units, Spanish-style architecture, fully renovated interiors, premium amenities, high-income tenant base, and strong market positioning makes 827 12th attractive for investors seeking both current income and long-term appreciation.
Offered as a stabilized and well-maintained Santa Monica multifamily property, 827 12th presents a rare opportunity to acquire a timeless Westside investment property in one of Southern California's most affluent and supply-constrained rental markets. Whether held for long-term income or positioned for future appreciation, 827 12th delivers on every front: location, quality, and enduring value.
The Kenny Stevens Team has extensive experience with premium multifamily properties in Santa Monica and can help you evaluate whether 827 12th aligns with your investment strategy. Contact us to discuss the opportunity and explore how 827 12th fits your Santa Monica multifamily investment goals.
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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