Los Angeles Real Estate - The Achievers Group
Norma and Jason ~ The Achievers Group
310-651-7979310-651-7979

1448 12TH Street, Santa Monica, CA 90401 (MLS # 17258828)

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PRICE $2,500,000
BEDS n/a
BATHS 0 baths
HOME SIZE 1,087 sq ft
LOT SIZE 7,492 sqft

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage offers new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Trust Sale / Court Confirmation Required. Must be sold together with 1454 12th Street (Listed at $2.5M).Subject properties are centered in a prime Santa Monica location walking distance (less than one mile) from the Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line.

DAYS ON MARKET 13 LAST UPDATED 8/16/2017
YEAR BUILT 1922 COMMUNITY Santa Monica
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
APPLIANCES None
LAUNDRYFEATURES None
LOTSIZESOURCE Appraiser
LOTSIZEUNITS Square Feet
MLSAREAMAJOR C14 - Santa Monica
PARKINGFEATURES Driveway - Gravel
PRICEPERSQUAREFOOT 2299.91
PROPERTYTYPE Residential Income
SPECIALLISTINGCONDITIONS Probate Listing


91 Walker's Paradise

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Listing provided by : Christopher Huddleston, The Sher Group

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 8/20/17 2:51 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

By Norma and Jason ~ The Achievers Group