1810 12th St

Located just south of Pico Boulevard and north of Olympic, 1810 12th Street offers investors a stabilized, income-producing property in one of Santa Monica's most desirable neighborhoods.

This well-maintained 2-story building, built in 1963, features seven units totaling 13 bedrooms and 7 bathrooms across approximately 5,190 square feet of living space on a 7,516 square foot lot. The unit mix includes three 2-bedroom units, one 3-bedroom unit, and three 1-bedroom units. The 3-bed/1-bath unit will be delivered vacant at closing, providing immediate potential for an owner-user or market-rate rental. Current gross annual income is approximately $193,992 with an NOI of $157,010, reflecting a GRM of 12.89 and a cap rate of 6.28%. All units are separately metered for gas and electricity. Parking includes 4 covered carport spaces plus additional uncovered spaces with alley access. Just minutes from the beach, Bergamot Arts District, the Expo Line, and a variety of shopping, dining, and employment hubs, this property presents an exceptional long-term hold or value-add opportunity in a prime Santa Monica location.

This home located at 1810 12th St is currently activeUnderContract and has been available on pardeeproperties.com for 19 days. This property is listed at $2,500,000. It has 13 beds and 7 bathrooms. The property was built in 1963. 1810 12th St is in the Santa Monica community of Los Angeles County.

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