831 12th Street, a charming Spanish-style fourplex located in the highly-desired beach community of Santa Monica. Located on a tree-lined residential block just south of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1928, the 5,020 SF two-story trophy asset sits on a 7,523 SF lot and is comprised of (4) two-bedroom and one bath units. Please note, each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped community courtyard and (4) private one-car garages. 831 12th Street presents significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. With a trendy location that is consistently under high demand among high-earning young professionals, 831 12th Street affords investors the opportunity to acquire a well-maintained investment property in this ever-growing metropolitan beach community.
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