About The Property

831 12th Street, a charming Spanish-style fourplex located in the highly-desired beach community of Santa Monica. Located on a tree-lined residential block just south of Montana Avenue, the property was adjacent to the neighborhood’s most popular shopping and dining destinations. Constructed in 1928, the 5,020 SF two-story trophy asset sat on a 7,523 SF lot and featured (4) two-bdrm. units.

Stats

Price $3,130,000

Year Built 1928

Units 4

Price P/ Unit $782,500

Background

831 12th was a charming and well-maintained Spanish-Style fourplex just 1/2 block south of Montana Avenue. After owning the building for several years and having uncertainty around the LA multifamily market, the Seller felt it was the right time to cash out.

Result

We generated five competitive offers within a month of listing the property. To get the best offer for our client, we toured qualified buyers, created a competitive bidding environment, and closed escrow 45 days later at $3.13M. With a great deal of uncertainty in the market due to the COVID pandemic, the Seller was thrilled with the speed of the transaction, and cashed out 60 days after signing the listing agreement.

Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.

- Seller (60 Units by The Grove)

“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”

- Seller (4 Units in Beverly Grove)

“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”

- Seller (Beachfront Generational Asset in Playa del Rey)

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Exterior of 4742 Sepulveda, a 21-unit trophy multifamily property in Sherman Oaks