1454 12 Th St Santa Monica, CA 90401

$2,250,000
Santa Monica, CA   90401
0 Beds, 0.0 Baths, 0 sq ft, 7,505 sq ft lot, Built in 1925
0 Beds,
0.0 Baths,
0 sq ft,
7,505 sq ft lot
Built in 1925

Description

MLS# 17258834

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage will offer new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Subject properties are centered in a prime Santa Monica location. In close proximity to (less than one mile) Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Trust Sale / Court Confirmation Required. Must be sold with neighboring property (1448 12th Street). Listed by Christopher Huddleston, The Sher Group.

Description

MLS# 17258834

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage will offer new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Subject properties are centered in a prime Santa Monica location. In close proximity to (less than one mile) Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Trust Sale / Court Confirmation Required. Must be sold with neighboring property (1448 12th Street). Listed by Christopher Huddleston, The Sher Group.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 1
PARKING: Street
LAUNDRY: None
Interior Features
APPLIANCES: None
Community
UNITS TOTAL: 8
STORIES TOTAL: 1
Land
ZONE: SMBCD*
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