1243 12th Street, Santa Monica, CA 90401

• 18,832 sqft

Property Description

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, (5) 2-bed/1.5-bath, (8) 2-bed/2-bath, (1) 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 total parking spaces, including six tandem spaces in the front and ten standard spaces in the rear, along with controlled-access gated entry and on-site laundry facilities that generate consistent ancillary income. The soft-story seismic retrofit has been completed (buyer to verify). With strong underlying land value, scale, and below-replacement-cost pricing 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 i

Listing Status:

Active

Date Added:

December 22, 2025

Data Last Updated:

February 16, 2026 at 2:06AM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Benjamin Lewin : 818-212-2659

MLS ID:

CL25630313

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: CoveredOther

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: SMR34282005018

Financial

• Source: CRMLS