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A rare opportunity to combine Santa Monica living with ownership of an income-producing multifamily property in the highly desirable Wilshire-Montana neighborhood. This 11-unit apartment building featuring seven 1-bedroom/1-bath units, three 2-bedroom/2-bath units, and one spacious 3-bedroom/2-bath unit. The approximately 9,636-square-foot building sits on a 7,499-square-foot lot in one of Santa Monica's most desirable residential locations. The property's 3-bedroom/2-bath unit is currently available, creating a unique opportunity for a buyer who would like to live on-site while receiving rental income from the other ten apartments. For an owner-user, this offers the benefits of a larger residence in Santa Monica together with the financial advantages of owning a substantial income-producing asset. If owner occupancy is not desired, the available 3-bedroom residence may instead be leased at the then-current market rent, subject to applicable Santa Monica rental regulations.The property also provides additional future income opportunities. Four garages at the front of the property are retained by ownership and may potentially be rented separately for additional income. A buyer may also evaluate whether the garages could be converted into ADU's, subject to City approval and all applicable requirements.Tenants currently park in front of the garage area, which may provide additional flexibility when evaluating future use of the garage structures. Another important benefit is that the property has already completed its earthquake/seismic retrofit and the state-required balcony inspection, addressing significant building compliance items for the next owner. The property is just north of Wilshire Boulevard and convenient to Montana Avenue shopping and restaurants, Downtown Santa Monica, Third Street Promenade, Santa Monica Beach, UCLA Santa Monica Medical Center, and nearby Brentwood. 1117 12th Street presents a distinctive opportunity to own a substantial Santa Monica income property while enjoying the option to make the property your home.
Property Type(s):
Residential Income
| Last Updated | 11/7/2026 | Year Built | 1960 |
|---|---|---|---|
| Community | C14 - Santa Monica | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Refrigerator |
| AREA | C14 - Santa Monica |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 7501 sq ft |
| LOT DIMENSIONS | 7499 |
| SEWER | Other |
| STORIES | 2 |
Location
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Listed with Tierra Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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