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  • 1243 12Th Street

1243 12th Street, Santa Monica, CA 90401

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

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Photo of Suzanne Robinson

Suzanne Robinson REALTOR® - Sales Associate 949-697-6252 m
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com Text Me
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Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
 Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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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: Active
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: 6/11/2026

 Days On Market (DOM): 205

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This listing belongs to the C14 - Santa Monica MLS area

Lat/Long: 34.024532, -118.489373.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Suzanne Robinson

Suzanne Robinson REALTOR® - Sales Associate 949-697-6252 m
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com Text Me
Call My Cell
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com
Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
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