$5,250,000
-$750,0001243 12th Street, Santa Monica CA 90401
Multi-Family (20 Units)
Property type
165 days
On market
$279
Price per sqft
N/A
Garage
1959
Year built
15,007 sqft
Lot size
Open Houses
Overview
1243 & 1247 12th St consist of two adjacent ten-unit apartment buildings located between Wilshire Blvd and Arizona Ave in prime Santa Monica, approximately 12 blocks from the beach. Built in 1959, the properties total 18,832 square feet of improvements on a 15,007-square-foot double lot with two separate APNs, offering long-term ownership, financing, and disposition...
Listing provided by: Benjamin Lewin DRE #02040686 818-212-2659, Marcus & Millichap
Listing updated: May 15, 2026 at 03:09pm.
Last checked: Jun 4, 2026 at 03:30am
Source: CRMLS #25630313
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 1 | 1 | — | $1,658 | $6,631 | $10,000 | Unfurnished |
| 6 | 2 | 1 | — | $2,457 | $14,740 | $19,500 | Unfurnished |
| 6 | 2 | 2 | — | $1,353 | $8,116 | $21,000 | Unfurnished |
| 2 | 3 | 1 | — | $2,593 | $5,186 | $7,500 | Unfurnished |
| 2 | 3 | 2 | — | $1,430 | $2,860 | $8,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 20
Financial Snapshot
Gross Rent Multiplier
11.7x
List Price / Annual Gross Rent
Cap Rate
5.35%
NOI / List Price
Vacancy Allowance: $13,512
Vacancy Allowance Rate: 3%
Net Operating Income: $280,826
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Covered, Driveway
Uncovered Spaces: 6
Parking Total: 22
Lot Information
Land Lease: No
Parcel #: 4282005018
Additional Parcels: Yes
Zoning: SMR3*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1243 12th Street, Santa Monica, CA 90401. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,200,000
Total Interest
$5,356,869
Total Payment
$9,556,869
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$32,166
per month
Property History for 1243 12th Street
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90401.
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