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6 Units by Montana Ave in Santa Monica 827 12th St 6 Unit Apartment Building $6,135,069 CAD ($1,022,511 CAD/Unit) 4.49% Cap Rate Santa Monica, CA 90403



INVESTMENT HIGHLIGHTS
- Located 1/2 block south of Montana Ave - home to dozens of unique boutiques, world-class dining, cutting-edge wellness and relaxation.
- Renovated 2-bdrm. units feature wood flooring, quartz countertops, stainless-steel appliances, updated cabinetry, and tilework.
- Property amenities include well-maintained landscaping, communal courtyard, and (5) 1-car garages.
- Less than 1 mile from the Beach and Downtown Santa Monica - a location that embodies the quintessential SoCal lifestyle.
- Comprised of (4) 2-bdrm. and 1.5-bath units that averaging approx. 1,350 SF and (2)1-bdrm. units averaging approx. 525 SF.
EXECUTIVE SUMMARY
Nestled in one of Santa Monica's most sought-after neighborhoods, 827 12th Street is a well-maintained Spanish-style gem that embodies the quintessential SoCal lifestyle. Just half a block south of Montana Avenue, residents enjoy easy access to premier boutiques, world-class dining, and top-tier wellness destinations. With the beach and Downtown Santa Monica less than a mile away, this property offers the perfect balance of relaxation and convenience. The building is comprised of (4) spacious 2-bdrm. 1.5-bath units and (2) 1-bdrm. units, with the 2-bed units averaging approx. 1,350 SF and 1-bed units approx. 525 SF. Renovated interiors feature wood flooring, quartz countertops, stainless steel appliances, and updated cabinetry and tilework. Bright, airy layouts and modern finishes make these units highly desirable in an area known for attracting high-net-worth tenants who take pride in their homes and community. The property is surrounded by lush landscaping, offering a tranquil communal courtyard for residents to enjoy. Additional amenities include five private 1-car garages, ensuring ample parking and convenience. This is a rare opportunity to own a turnkey investment in one of the most affluent and high-demand rental markets on the Westside. Don't miss your chance to secure a timeless asset in Santa Monica's most coveted location.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,135,069 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,022,511 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.49% | Building Size | 6,746 SF |
| Gross Rent Multiplier | 14.49 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Zoning | R3, Santa Monica | ||
| Price | $6,135,069 CAD |
| Price Per Unit | $1,022,511 CAD |
| Sale Type | Investment |
| Cap Rate | 4.49% |
| Gross Rent Multiplier | 14.49 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,746 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | R3, Santa Monica |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Oven
- Stainless Steel Appliances
- Range
- Dining Room
- Large Bedrooms
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | $6,740 CAD | 1,350 |
| 1+1 | 2 | $4,518 CAD | 525 |
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 4281-016-015 | Total Assessment | $2,805,581 CAD (2025) |
| Land Assessment | $2,104,194 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $701,388 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4281-016-015
Land Assessment
$2,104,194 CAD (2025)
Improvements Assessment
$701,388 CAD (2025)
Total Assessment
$2,805,581 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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6 Units by Montana Ave in Santa Monica | 827 12th St
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