1243 12th Street, Santa Monica, CA 90401

Santa Monica
Local realty services provided by:ERA Excel Realty
1243 12th Street,Santa Monica, CA 90401
$5,250,000
  • 36 Beds
  • 36 Baths
  • 18,832 sq. ft.
  • Multi-family
  • Pending
Listed by: benjamin lewin
Office: marcus & millichap818-212-2700
MLS#:25630313
Source:CRMLS

Price summary

  • Price:$5,250,000
  • Price per sq. ft.:$278.78

About this home

1243 & 1247 12th St consist of two adjacent ten-unit apartment buildings located between Wilshire Blvd and Arizona Ave in prime Santa Monica, approximately 12 blocks from the beach. Built in 1959, the properties total 18,832 square feet of improvements on a 15,007-square-foot double lot with two separate APNs, offering long-term ownership, financing, and disposition flexibility. Each building is approximately 9,416 square feet, and together the portfolio features an attractive and highly functional 20-unit mix comprised of (4) 1-bed/1-bath, (6) 2-bed/1.5-bath, (6) 2-bed/2-bath, (2) 3-bed/1.5-bath, and (2) 3-bed/2-bath units. This balanced mix appeals to a wide renter base and positions the asset for long-term revenue growth as turnover occurs. The property provides 22 parking spaces, including six tandem spaces at the front and ten standard spaces at the rear, along with a controlled-access, gated entry and on-site laundry facilities. The soft-story seismic retrofit has been completed...

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Home facts

  • Year built:1959
  • Listing ID #:25630313
  • Added:277 day(s) ago
  • Updated:September 26, 2026 at 08:41 AM

Rooms and interior

  • Bedrooms:36
  • Total bathrooms:36
  • Living area:18,832 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1959
  • Building area:18,832 sq. ft.
  • Lot area:0.34 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,250,000
  • Price per sq. ft.:$278.78

Parking

  • Total parking spaces:22
  • Parking description:Covered, Driveway
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