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1144 12th Street, Santa Monica, CA 90403$10,250,000

8
beds
7
baths
20513
ft2
· 15014
ft2 lot
$500 / ft2

Listing provided courtesy of Tony Azzi, Tony Azzi
Source CRMLS;
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The property features 20,513 square feet of rentable area and is situated on a 15,013-square foot lot. The 20-unit building is composed of two bachelor/one-bathroom units, four one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, three two-bedroom/two-bathroom units and ten three-bedroom/two-bedroom units. The building has been well-maintained and offers on-site parking and laundry facilities for tenants.

HOA

$0/month

On market

1 month

Year built

1996

Property type

Multi-Family

Parking

MLS

21796392

Price / Sq.Ft.

$500 / ft2

Status

Active

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Home details for 1144 12th Street

Interior Features & Layout
Appliances
•   
Appliances: Refrigerator
•   
Has Appliances
Interior Size
•   
Building Area Total: 20513.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
Building Info
•   
Zoning: SMR2*
•   
Stories Total: 3
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 20
Lot Info
•   
Lot Size Acres: 0.3447
•   
Lot Size Area: 15014.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 615422.00
•   
Vacancy Allowance Rate: 25.00
•   
Total Actual Rent: 628740.00
•   
Total Expenses: 244711.00
•   
Gross Multiplier: 17.50
Tax/Assessment Info
•   
Gross Income: 631140.00
•   
Tax Year: 2021
•   
Taxes: 36574.09
Lease Info
•   
Net Operating Income: 370710.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2807.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 2807.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1674.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 6696.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2640.00
•   
Unit 4 Total Units: 3
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 7920.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 3222.00
•   
Unit 5 Total Units: 10
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 32219.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 3
Multi Unit Information
•   
# Of Units: 13
Unit 1 Information
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1377.00
•   
Unit 1 Total Rent: 2753.00
School Neighborhood & Directions
School Info
•   
Directions: The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Wilshire Boulevard, sandwiched between 11th Street to the west and Euclid Street to the east. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property.
Other
Calculation
•   
Dom: 22

Neighborhood snapshot

42
Properties for sale
16
Median days on market
$954.30
Median sold price/sqft
101.22%
Sold/List %
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Property History for 1144 12th Street

11/09/2021
11/09/2021
CRMLS #21796392
active
CRMLS #21796392
$10,250,000
--6.82%
10/18/2021
10/18/2021
CRMLS #21796392
active
CRMLS #21796392
$11,000,000
+1733.33%
06/06/1990
06/06/1990
Public Record
sold
Public Record
$600,000
--45.45%
06/06/1990
06/06/1990
Public Record
sold
Public Record
$1,100,000

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