$3,800,000
1050 12th Street, Santa Monica CA 90403
Multi-Family (10 Units)
Property type
352 days
On market
$538
Price per sqft
8 cars
Garage
1957
Year built
7,517 sqft
Lot size
Open Houses
Overview
Invest in one of Santa Monica's most sought-after corridors. Located in the heart of Wilshire-Montana on a charming tree-lined stretch of 12th Street, this 10-unit apartment building offers a desirable mix of 1-bedroom, and 2-bedroom units. New Roof, new gutters and new sub-panels in 2024 and 2025. Tenants enjoy immediate access to the vibrant offerings on Montana Avenue...
Listing provided by: Sandra Miller DRE #01446377 310-460-2525, ENGEL & VÖLKERS Santa Monica
Listing updated: Jun 26, 2025 at 12:24pm.
Last checked: Jun 5, 2026 at 05:30am
Source: CRMLS #25553163
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 1 | 1 | — | $13,352 | $13,352 | $17,500 | Unfurnished |
| 3 | 2 | 1 | — | $7,485 | $7,485 | $8,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
15.2x
List Price / Annual Gross Rent
Cap Rate
4.39%
NOI / List Price
Vacancy Allowance Rate: 0%
Net Operating Income: $166,945
Interior
Cooling: None
Heating: Wall Furnace
Fireplace: None
Laundry: Common Area
Accessibility: None
Exterior
Architectural Style: Traditional
Stories Total: 2
Levels: One
Direction Faces: West
Pool: None
Spa: None
Sewer: Other
View: None
Patio and Porch Features: None
Garage and Parking
Parking: Driveway
Garage Spaces: 8
Garage: Attached
Uncovered Spaces: 2
Parking Total: 10
Lot Information
Land Lease: No
Parcel #: 4281021010
Additional Parcels: No
Zoning: SMR2*
Community
HOA: No
Senior Community: No
High School District: Santa Monica-Malibu Unified
Nearby Schools
Nearby schools around the 1050 12th Street, Santa Monica, CA 90403. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,040,000
Total Interest
$3,877,352
Total Payment
$6,917,352
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$23,323
per month
Property History for 1050 12th Street
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90403.
Similar Homes
Listings with similar prices to 1050 12th Street