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Image 1 - 12th Court, Santa Monica, CA 90402, USA - House for sale
Image 2 - 12th Court, Santa Monica, CA 90402, USA - House for sale
Image 3 - 12th Court, Santa Monica, CA 90402, USA - House for sale
Image 4 - 12th Court, Santa Monica, CA 90402, USA - House for sale
Image 5 - 12th Court, Santa Monica, CA 90402, USA - House for sale
Image 6 - 12th Court, Santa Monica, CA 90402, USA - House for sale
Home For Sale In Santa Monica, California
12th Court, Santa Monica, CA 90402, USA

Home For Sale In Santa Monica, California

house for sale
Listed: 03/09/24

12th Court, Santa Monica, CA 90402, USA

24 Bed:
18 Bath:
10,639 Sq Ft Living Area:
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Price
$ 5,13M

About This House

With its phenomenal location just south of Montana Avenue, the 12th Street Apartments is a fantastic reposition opportunity. There are currently 4 vacant apartments that can be renovated and rented shortly after closing. With ample parking, an oversized lot, and just 12 short blocks from Inspiration Point and Palisades Park, this property is ripe with options. Please note there is a deed restriction on the existing 11 units with the City of Santa Monica requiring units to be rented to 30% AMI Households. However, Section 8 program tenants qualify and this allows for the units to be rented close to market with the the Section 8 program paying the bulk of their rent. (Buyer to independently verify.) Importantly there is …  Full description

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Santa Monica Housing & Living

Household Income

Median household income: $86,084
Number of households: 46,358
The average household income in Santa Monica, CA grew from $82,123 to $86,084 in the past year. This data is an estimate based upon 46,358 households in Santa Monica, CA.
The chart below presents how household income is distributed in Santa Monica, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Santa Monica, CA compared to median property taxes around the country. The prevalent amount of property taxes in Santa Monica, CA equals $3k+ , which is more than the national average.