1239 12TH Street

    Santa Monica, CA 90401
    • $5,099,000
    • STATUS: Active Under Contract
    • ON SITE: 360 days
    • ID#: 18363792
    Under Contract
    UPDATED: 54 min ago
    $5,099,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,684
      SQFT
    • $664
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    12 units located just south of Wilshire in prime Santa Monica. Excellent unit mix of 1 and 2 bedroom units with private garages and 20% upside potential in rents. Delivered with four vacant units. Units have private balconies & patios, fireplaces, dishwashers, private hot water heaters and some with hardwood floors.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-16T09:34:40.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.gogabby.com/homes/85802209

    1239 12TH Street Santa Monica, CA 90401

    • Price: $5,099,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: 18363792
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,684
    SQFT
    $664
    $/SQFT
    1961
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    12 units located just south of Wilshire in prime Santa Monica. Excellent unit mix of 1 and 2 bedroom units with private garages and 20% upside potential in rents. Delivered with four vacant units. Units have private balconies & patios, fireplaces, dishwashers, private hot water heaters and some with hardwood floors.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes

    Property Features

    Cap Rate 3.90 Electric Expense 980.00 Fuel Expense 1768.00 Gross Multiplier 16.40 Gross Operating Income 301674.00 Improvements Amount 263958 Insurance Expense 6366.00 Land Value 151450 Licenses Expense 2500.00 Maintenance Expense 6381.00 Net Operating Income 201245.00 Operating Expense 3000.00 Other Expense 504.00 Pest Control Expense 900.00 Professional Management Expense 9060.00 Special Listing Conditions Standard Total Expenses 100429.00 Water Sewer Expense 7462.00 Zoning Smr3*

    Listing provided courtesy of Kimberly Roberts Stepp of Kwsm


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-16T09:34:40.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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