
Closed Listing
Santa Monica Fourplex by Montana Avenue
831 12th st
sold in
Santa Monica
Sold At
$
3,130,000
4
Number of Units
1928
Year Built
5,020
SF
Square Footage
7,523
SF
Lot Size
SMR2
Zoning
831 12th St, Santa Monica, CA 90403
About the Property
Kenny Stevens Team is pleased to present 831 12th Street, a charming Spanish-style Fourplex located in the highly-desired community of Santa Monica. Constructed in 1928, the 5,020 SF two-story trophy asset sits on a 7,523 SF lot and is comprised of (4) two-bedroom and one bath units. Please note, each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped community courtyard and (4) private one-car garages. 831 12th Street presents a significant value-add opportunity to investors, as current rents are approx. 56% below market value for nicely remodeled units in the area. With a trendy location that is consistently under high demand among high-earning young professionals, 831 12th Street affords investors the opportunity to acquire a well-maintained investment property in this ever-growing metropolitan beach community.
4
Number of Units
1928
Year Built
5,020
SF
Square Footage
7,523
SF
Lot Size
SMR2
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$782,500
Price p/ Sq. ft.
$624
Proforma Cap Rate
3.94%




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