Front exterior of 827 12th with lush landscaping and classic Spanish architecture.

Multifamily listing

827 12th

for sale in

Santa Monica

Turnkey Complex in SM, 1/2 Block South of Montana

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.

6

Number of Units

1927

Year Built

6,746

SF

Square Footage

7,484

SF

Lot Size

SMR2

Zoning

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%

Contact

Sales agent

Angled street view of 827 12th showcasing manicured garden and tiled entry path.
Angled street view of 827 12th showcasing manicured garden and tiled entry path.
Angled street view of 827 12th showcasing manicured garden and tiled entry path.
Angled street view of 827 12th showcasing manicured garden and tiled entry path.
Serene backyard at 827 12th featuring citrus trees and seating area.
Serene backyard at 827 12th featuring citrus trees and seating area.
Serene backyard at 827 12th featuring citrus trees and seating area.
Serene backyard at 827 12th featuring citrus trees and seating area.
827 12th secure garages and updated stucco rear elevation.
827 12th secure garages and updated stucco rear elevation.
827 12th secure garages and updated stucco rear elevation.
827 12th secure garages and updated stucco rear elevation.
Spacious sun-filled living room with hardwood floors at 827 12th apartment building.
Spacious sun-filled living room with hardwood floors at 827 12th apartment building.
Spacious sun-filled living room with hardwood floors at 827 12th apartment building.
Spacious sun-filled living room with hardwood floors at 827 12th apartment building.

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Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
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Kenny Stevens

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Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
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Max Berger

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Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
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Dustin Dahan

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Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

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Kenny Stevens

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Kenny Stevens

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Max Berger

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Max Berger

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Max Berger

DRE 02085403

Dustin Dahan

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Dustin Dahan

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Dustin Dahan

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.