1111 12th St

Santa Monica

 
 
 
 

7

UNITS

$392,857

PRICE/UNIT

$845

PRICE/SQ FT

3.27%

CAP

19.27

GRM

6.16%

PRO FORMA CAP

12.52

PRO FORMA GRM
 

LAAA is pleased to introduce 1111 12th Street, a 7-unit apartment building located in the Wilshire-Montana corridor of Santa Monica. The property was built in 1920 and 1958. It consists of 6 separate structures, which creates a home-like bungalow style for its tenants with private patios and side yards. Separately metered for gas and electricity, this low maintenance building offers lush landscaping and parking garages in the back of the building. The unit mix consists of 1 studio, 5 one bedroom/one bathroom, and 1 two bedroom/one bathroom unit. There are 5 one-car garages, which can provide a premium in rents. The property is located within 1 mile of the ocean. Tenants can walk or bike to the beach, Santa Monica Pier, 3rd Street Promenade, Santa Monica College, The Metro Expo Line, Silicon Beach, and World Class Dining & Entertainment. Malibu, Brentwood, West Los Angeles, Venice and Mar Vista are the neighboring cities. With a walk score of 90, the property is in an exceptional location . This is an excellent opportunity for a multitude of investors or owner users. Park some cash in one of the country’s hottest apartment markets with huge appreciation. Renovate the property, turn over units and enjoy the cash flow. Or, move into one of the units and build wealth at the same time.

 
 
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Aida Memary

Associate

O: (818) 212-2808

M: (818) 357-9526

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