1027 12th St, Santa Monica, CA 90403 - View 1
1027 12th St, Santa Monica, CA 90403 - View 2
1027 12th St, Santa Monica, CA 90403 - View 3

1027 12th St, Santa Monica, CA 90403

Sale Price: $2,050,000
Feb 18, 20253,095 sqft5 beds5 baths
Listed by: David Weinberger
License #: 01349349
Phone #: 818-970-0915
Keller Williams Studio City
Source:
CRMLS Logo
MLS #: 25498865

Property Description

Welcome to 1027 12th Street, a premier investment opportunity in the highly desirable Wilshire-Montana neighborhood of Santa Monica. This well-maintained fourplex offers a rare chance to own an income-producing property in one of LA's most sought-after coastal communities.1027 12th Street is a 3,095-square-foot residential income property comprised of four units. The property includes a well-maintained 2-Bed, 2-Bath detached home, a charming 1-Bed, 1-Bath detached bungalow-style unit in the middle of the courtyard, and two pristine 1-Bed + 1-Bath units located above a 5-car garage. This picturesque fourplex is set on a tranquil yard where residents enjoy the plush greenery and the Santa Monica breeze. The on-site laundry room has the potential to be a profit center, charging residents for their laundry to increase cashflow.1027 12th St is located in the coveted Wilshire-Montana neighborhood. One of the most walkable areas in Santa Monica, with tree-lined streets, boutique shops, and an eclectic mix of restaurants along Wilshire Boulevard and Montana Avenue.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$41,142

TurboHome Estimated Value

$2,658,900

$859 sqft

High Valuation
$2,791,845
$902/sqft
Normal Valuation
$2,658,900
$859/sqft
Low Valuation
$2,525,955
$816/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$859/sqft$2,658,900

Neighborhood

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Comparative Value

$1.80M

$2.05M

$2.58M

$2.85M

$3.70M

1246 Chelsea Ave, Santa Monica, CA 90404

Sale Price: $1,800,000

Selected Comparable

1256 Princeton St, Santa Monica, CA 90404

Sale Price: $1,800,000

Selected Comparable

1027 12th St, Santa Monica, CA 90403

Sale Price: $2,050,000

Selected Comparable

1027 12th St, Santa Monica, CA 90403

List Price: $2,575,000

Subject Property

825 15th St, Santa Monica, CA 90403

Sale Price: $2,850,000

Selected Comparable

330 16th St, Santa Monica, CA 90402

Sale Price: $3,700,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1027 12th St, Santa Monica, CA 90403

1027 12th St, Santa Monica, CA 90403

List: $2,575,000

Listed: 2/18/2025

Area:3,095 sqft
Price/sqft:$832
Beds:5
Baths:5
Year Built:
Lot Size:7,481

Comparable Properties

COMPARABLE
Choose comps
1027 12th St, Santa Monica, CA 90403

1027 12th St, Santa Monica, CA 90403

Sale: $2,050,000

7/9/20250.00 mi

Area:3,095 sqft
Price/sqft:$662
Beds:5
Baths:5
Year Built:
Weight:28.3%
1246 Chelsea Ave, Santa Monica, CA 90404

1246 Chelsea Ave, Santa Monica, CA 90404

Sale: $1,800,000

5/22/20250.94 mi

Area:2,566 sqft
Price/sqft:$701
Beds:5
Baths:5
Year Built:
Weight:22.3%
825 15th St, Santa Monica, CA 90403

825 15th St, Santa Monica, CA 90403

Sale: $2,850,000

12/6/20240.35 mi

Area:2,981 sqft
Price/sqft:$956
Beds:6
Baths:4
Year Built:
Weight:17.0%
330 16th St, Santa Monica, CA 90402

330 16th St, Santa Monica, CA 90402

Sale: $3,700,000

12/27/20240.83 mi

Area:2,487 sqft
Price/sqft:$1,488
Beds:4
Baths:5
Year Built:
Weight:16.6%
1256 Princeton St, Santa Monica, CA 90404

1256 Princeton St, Santa Monica, CA 90404

Sale: $1,800,000

10/10/20241.14 mi

Area:3,105 sqft
Price/sqft:$580
Beds:6
Baths:6
Year Built:
Weight:15.8%

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