New

$5,300,000

For Sale

14 hours ago

1518 12Th Street, Santa Monica, CA

Name: 1518 12Th Street, For Sale in Santa Monica - eXp Realty
Brand: Lyon Stahl Investment Real Estate, Inc.
SKU: 26876197
Price: 5300000 USD

House

MLS® 26876197

32 Bed

24 Bath

14840 sqft

22 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 14840 sqft

Garage Yes

Taxes

Days Active 1

Lot Size 0.3443 Acres

Approx. Age 1974

Avg. Price Per Sqft $357

MLS® Number 26876197

Property Address: 1518 12th Street, Santa Monica, CA, 90401

Average square foot calculated using Size range provided by listing agent.

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 four 3-bedroom/2.5-bath units, four 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 four 3-car garages and ten additional single parking spaces. The seismic soft-story retrofit has also been completed and the main and sub electrical panels have been updated, 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.

MLS® Number26876197

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1974

Basement

DrivewayCovered, Door Multi, Garage

Garage Spaces

HeatNone

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 24, 2026List Date

$5,300,000List Price

Commute

Commute

Starting Address

Destination Address

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