1518 12th St , Santa Monica, CA 90401
$5,300,000
Est. Payment: $28,072.28/mo
32 Bed
21 Bath
14840 Sqft
Status: Pending | Days on site: 9
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CLW-X82195 - CLW-C141551,CLW-X90025
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House Description

[OFFERING CONSISTS OF TWO SIX-UNIT PROPERTIES WITH SEPARATE APN'S BEING SOLD TOGETHER: 4282-031-007 & 4282-031-008] 1518 & 1524 12th Street presents a rare opportunity to acquire two side-by-side 6-unit multifamily properties totaling 12 units in the heart of Santa Monica. Built in 1974, the offering consists of two adjacent properties, each with its own separate APN, and four residential structures, creating a unique multifamily investment opportunity in one of Southern California's most desirable rental markets. The properties are part of an A+ located, five-building Westside portfolio totaling 60 units, with the properties available for acquisition separately or together as a portfolio. The properties are distinguished by an exceptional unit mix consisting entirely of large two- and three-bedroom residences averaging approximately 1,237 square feet per unit. The unit mix includes five 3-bedroom/2.5-bath units, three 3-bedroom/1.5-bath units and four 2-bedroom/2-bath units. With two-thirds of the units offering three bedrooms, the property provides a concentration of large residences that are increasingly difficult to replicate in Santa Monica. The investment offers approximately 31% future rental upside, providing new ownership with a compelling opportunity for significant income growth. Select units have already undergone luxury interior renovations, demonstrating the property's potential as additional residences are upgraded and repositioned over time. The properties provide substantial on-site parking, including (2) 2-car garages, (4) driveway spots and (10) additional single parking spaces. The seismic soft-story retrofit has also been completed, representing important capital improvements for future ownership. Situated in the heart of Santa Monica, 1518 & 1524 12th Street is just five blocks from the Metro Rail Expo Line and minutes from Downtown Santa Monica, the Santa Monica Pier, Third Street Promenade, the beach and the area's exceptional retail and dining. The nearby Metro provides convenient direct connectivity to the greater Los Angeles area while residents enjoy the lifestyle and amenities associated with one of the Westside's premier coastal communities. Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1524 Granville Avenue (10 units), and 1507 Berkeley Street (7 units). The properties are available for acquisition separately or together as a portfolio.

Highlights

Listed by Jake Glaser , 310-494-6368 and Jonathan Taksa , 424-672-8220 Lyon Stahl Investment Real Estate, Inc. , 310-425-9838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.34

Year Built

1974

County

Los Angeles

Area

C14 - Santa Monica

Listing ID

26876197

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:32
  • Bathrooms:21
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:22
Zoning:SMR3
Others:
  • Additional:2+ Total Units
Parking Features:Covered,Door-Multi,Garage
Principal Interest
$28,072
Taxes
$3,379

Home Price

$5,300,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$1,060,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$28,072.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $28,072.28 $3,378.75 $0.00 $31,451.03
Yearly $336,867.30 $40,545.00 $0.00 $377,412.30
Total $10,106,019.03 $1,216,350.00 $0.00 $11,322,369.03

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Santa Monica, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

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