1239 12TH Street, Santa Monica, CA 90401

$4,800,000
7,684
SqFt
Sold Price
$4,800,000
List Price
$4,997,000
Closing Date
Jun 03, 2019
Status
CLOSED
MLS#
19443768
Year Built
1961
Living Sq. Ft
7,684
Lot Size
7,496
Acres
0.1721
Days on Market
38
Property Type
Multifamily

Property Description

Priced at only 15.6X GRM and a 4.2% Cap Rate with EXISTING RENTS. The desirable unit mix consists of (4) 2 Bedroom / 2 Bathroom, (2) 2 Bedroom / 1 Bathroom, (5) 1 Bedroom/1 Bathroom and (1) Studio. Select units have undergone modern upgrades including: hardwood flooring, dishwashers, fireplaces, spacious floor plans, parking onsite and some enclosed garages. 4 units delivered vacant.

Additional Information

Total Number of Units
12

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Kimberly Roberts Stepp from KWSM

Listing sold by Kimberly Roberts Stepp from KWSM

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.