714-745-2708

1243 12th Street, Santa Monica, CA 90401

$5,250,000 Approx. USD 36 beds, 36 baths
18,832 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Benjamin Lewin | Benjamin.Lewin@marcusmillichap.com
Lic#: 02040686
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2659

Agent Remarks

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 flexibility. Each building is approximately 9,416 square feet, and together the portfolio features an attractive and highly functional 20-unit mix comprised of (4) 1-bed/1-bath, (6) 2-bed/1.5-bath, (6) 2-bed/2-bath, (2) 3-bed/1.5-bath, and (2) 3-bed/2-bath units. This balanced mix appeals to a wide renter base and positions the asset for long-term revenue growth as turnover occurs. The property provides 22 parking spaces, including six tandem spaces at the front and ten standard spaces at the rear, along with a controlled-access, gated entry and on-site laundry facilities. The soft-story seismic retrofit has been completed (buyer to verify). Priced at an attractive basis compared to recent sale comparables at $327k/unit and $428/square-foot, with strong underlying land value and scale in one of the Westside's most supply-constrained submarkets. 1243 & 1247 12th St offer investors a rare opportunity to acquire two contiguous buildings in an irreplaceable coastal location with meaningful operational and appreciation upside.

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# 25630313

List price is $5,250,000 Reduced by $750,000 on 5/15/2026

Price: $5,250,000

Beds: 36

Baths: 36

Built in 1959

18,832 sqft

2 stories

0.34 acres

Lot size: 0.3445

County: Los Angeles

Zoning: SMR3*

Parking description: Covered,Driveway

Heating/cooling: None

Heating description: Wall Furnace

MLS area: C14 - Santa Monica

Last Updated: 9/10/2026

Days On Market (DOM): 259

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This listing belongs to the C14 - Santa Monica MLS area

Lat/Long: 34.024532, -118.489373.
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