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    1428 12Th St Santa Monica, CA 90401

    For Sale
    $9,295,000

    MULTI_FAMILY - Santa Monica, CA

    Property size:
    17,880 SF
    Lot size:
    0.34 Acres
    Days on Market:
    48
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 1428 12Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    SMR3*
    Rooms
    Bathroom 14, Bedroom 1, Bedroom 28, Bathroom 5, Bedroom 23, Bathroom 35, Bedroom 6, Bedroom 29, Bedroom 31, Bathroom 20, Bathroom 26, Bedroom 11, Bathroom 25, Bedroom 9, Bathroom 31, Bedroom 18, Bedroom 20, Bedroom 22, Bathroom 38, Bedroom 21, Bathroom 1, Bedroom 24, Bedroom 7, Bathroom 8, Bathroom 15, Bedroom 19, Bedroom 14, Bathroom 17, Bathroom 18, Bathroom 22, Bedroom 15, Bedroom 2, Bathroom 4, Bathroom 23, Bathroom 9, Bathroom 32, Bedroom 13, Bedroom 25, Bedroom 30, Bathroom 2, Bedroom 4, Bedroom 35, Bedroom 8, Bathroom 33, Bathroom 3, Bedroom 17, Bedroom 26, Bathroom 30, Bedroom 36, Bathroom 11, Bathroom 36, Bedroom 33, Bedroom 37, Bathroom 27, Bedroom 27, Bedroom 5, Bathroom 16, Bedroom 32, Bathroom 7, Bedroom 10, Bathroom 21, Bathroom 28, Bathroom 34, Bathroom 37, Bathroom 6, Bathroom 19, Bedroom 16, Bedroom 3, Bedroom 34, Bathroom 10, Bathroom 13, Bathroom 24, Bathroom 29, Bedroom 38, Bedroom 12, Bathroom 12
    Bedrooms
    38
    Bathrooms
    38
    APN
    4282-024-027
    Parking
    23
    Parking features
    Carport
    Size
    17,880 SF
    Lot size
    0.34 Acres

    Building Details

    Year built
    1963
    Floors in Building
    2
    Number of units
    20

    Estate Properties (310) 802-2285 [email protected]

    Listing agent Robert Renshaw (310) 802-2500 License #01332831

    Listing date Oct 29, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Santa Monica Multifamily Investment Opportunity

    Located in Santa Monica, this multifamily property at 1424-1428 12th Street features 20 units on a large lot. The 17,880 square foot building includes two studio units, sixteen 2-bed, 1.5-bath units, and two 3-bed, 1.5-bath townhouse units, all designed with floor plans that maximize natural light. Fourteen of the units have been upgraded with in-unit washer and dryers (select units), new hardwood flooring, stainless steel appliances, quartz countertops, and LED lighting. The property also features an on-site laundry facility and assigned parking. The building has new construction windows, new roofing and gutters, and a custom stucco facade. Situated on a tree-lined street, the property is near the beach, downtown Santa Monica, Montana Avenue, and the 3rd Street Promenade. It is also located across the street from Pluralistic School One. The lot size is approximately 0.3446 acres. Soft story retrofit work has been completed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.48719
    Latitude
    34.021758

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    FAQs

    What type of property is this?
    Apartment building - 20-unit multifamily property in a prized Santa Monica location.
    Where is this apartment building located?
    The property is located at 1428 12Th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $9,295,000.
    What are key features of this property?
    This property features: - Prime Santa Monica location: Close to the beach, downtown, Montana Avenue, and 3rd Street Promenade.; - Substantial income property: Features 20 oversized units with a secured tenant base and enormous upside potential.; - Luxuriously upgraded units: 14 units feature in-unit washer/dryers (select units), new hardwood flooring, stainless steel appliances, quartz countertops, and LED lighting.
    (310) 802-2500
    Request Owner's contact information
    1428 12Th St Santa Monica, CA 90401
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    Santa Monica, CA 90401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1428 12Th St Santa Monica, CA 90401
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