Residential Income - 1937 12th Street, Santa Monica, CA

Description

1937 12th St is a charming six-unit multifamily property in Santa Monica, offered for the first time in over 40 years. With five single-car garages, completed soft-story retrofit, professionally managed for years, and a location near the beach and the rejuvenated Pico Boulevard's neighborhood amenities, the property offers an appealing opportunity to acquire a long-held apartment investment in one of the Westside's most desirable coastal communities. The property totals approximately 3,954 square feet on an approximately 7,497 square foot lot. The unit mix includes one two-bedroom, one-bath residence and five one-bedroom, one-bath residences, including two upstairs junior one-bedrooms. At the front of the property, a bungalow-style facade, covered porch and landscaped walkway create a welcoming residential character that distinguishes the offering from a larger apartment complex.Parking is a notable part of the appeal. Five single-car garages provide valuable enclosed parking, complemented by multiple perpendicular public street parking spaces directly along the frontage. Together, the garages and street configuration are a useful distinction in this coastal-city setting. The location brings Santa Monica's neighborhood life and coastal attractions together. Pico Boulevard offers restaurants, coffee shops and everyday services, while Santa Monica State Beach, Shutters on the Beach and Hotel Casa del Mar place the city's signature beachfront experience within reach. Santa Monica College and the Pico Farmers Market at Virginia Avenue Park add to the surrounding neighborhood amenities, complementing the dining, shopping and recreation that make Santa Monica such an appealing place to live. With its inviting residential character, five garages and established Santa Monica setting, 1937 12th St offers investors a long-held six-unit property with the everyday convenience of a neighborhood location and the lifestyle appeal of the coast.

Property details

Location

1937 12th Street • Santa Monica, CA 90404

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Listed by

Don Favia · Realty Investment Advisors, Inc.