We are pleased to present a generational multifamily offering in the seaside enclave of Santa Monica. Set prominently along a tree-lined street, 1424-1428 12th Street is a trophy asset consisting of 20, oversized compared to market, units and beautifully landscaped grounds. Encompassing 17,880 SQFT and situated on a very large lot, tenants can choose from one of 2 oversized studio units, 16 large 2-bed, 1-bath units, or 2 substantial3-bed, 1-bath townhouse units. Each of these units has a great floor plan flooded with natural light. 14 units have been luxuriously upgraded and tastefully appointed with an in-unit washer and dryer (select units), new hardwood flooring, stainless steel appliances, quartz countertops, and LED lighting. Additionally, the property has an on-site laundry facility and ample assigned parking (soft story retrofit work has been completed, Buyer to verify). The property also includes new construction windows, new roofing and gutters, a custom stucco facade, and more. A quick stroll to the beautiful beach, downtown Santa Monica, and the high-end dining and shopping of Montana Avenue and 3rd Street Promenade, 1424-1428 12th Street is close to all Santa Monica has to offer. The property is also situated just across the street from one of Santa Monica's top private elementary schools, Pluralistic SchoolOne. With fantastic in-place income, enormous upside potential, and a secured tenant base, the property gives buyers the opportunity to own a generational asset in one of the most prized and coveted locations in Los Angeles.
Property Details
Property Features
Property Information:
Year Built: 1963
Stories: 2
Living Area: 17,880 SqFt
Listing Office:
Office Name: Remax Commercial and Investment Realty
This property is $9.0M more than the Median Sold Price and $491/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24465105
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Jonathan Taksa
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 28, 2018
Feb 28, 2018Home Sold
$8,800,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$110,542
$9,250,470
2020
$108,746
$9,155,520
2019
$9,964
$8,976,000
2018
$9,862
$647,260
2017
$9,862
$634,570
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
McKinley Elementary School
2401 Santa Monica Blvd
Distance between this listing and this school0.90 miles
Public District Grades KG-5
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-5
6
/10
Will Rogers Learning Community
2401 14th St
Distance between this listing and this school1.13 miles
Public District Grades KG-5
Nearby Schools
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school0.54 miles
Public District Grades 6-8
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.17 miles
Public District Grades 6-8
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school1.19 miles
Public District Grades KG-8
Nearby Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.73 miles
Public District Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school1.20 miles
Public District Grades 9-12
7
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school2.05 miles
The neighbors living near this home have an average income of $61,419. Typical income of Santa Monica, CA residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1428 12th St
What is the listing price of this property?
The listing price of 1428 12th St property is $10,995,000.
What type of property is this?
The property 1428 12th St is a house located in Santa Monica, California, 90401.
Is this property for sale now?
Active Listing: 1428 12th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $110,542 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 28, 2018 for $8,800,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1428 12th St has 38 bedrooms and 38 bathrooms.
What is the square footage of this property?
The property 1428 12th St is 17,880 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1428 12th St is 1963.
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This home is located at 1428 12th St in Santa Monica, CA and zip code 90401 in the Pico neighborhood. This 17,880 square foot home, which was built in 1963, sits on a 0.34 acre lot. Features: 38 bedrooms, 38 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $10,995,000.
Santa Monica, CA housing market in November 2024 saw over 12 listings sold above listed price, more than 3 sold at listed price and over 24 sold below. The number of listings in Santa Monica, CA decreased by 4.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 33 days, the median list price was $1,898,147.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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