A two-story fourplex at 831 12th st, with beige walls, a balcony, and green landscaping under a clear blue sky.

Closed Listing

Santa Monica Fourplex by Montana Avenue

831 12th st

sold in

Santa Monica

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

Price P/ Unit

$782,500

Price p/ Sq. ft.

$624

Proforma Cap Rate

3.94%

Contact

Sales agent

A two-story multifamily complex at 831 12th st, surrounded by greenery and neatly trimmed hedges under a clear blue sky.
A two-story multifamily complex at 831 12th st, surrounded by greenery and neatly trimmed hedges under a clear blue sky.
A two-story multifamily complex at 831 12th st, surrounded by greenery and neatly trimmed hedges under a clear blue sky.
A two-story multifamily complex at 831 12th st, surrounded by greenery and neatly trimmed hedges under a clear blue sky.

Video

MEET THE TEAM

We make your life easier

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

DRE 02054048

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.
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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

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Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

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.