1021 12th St APT 102Santa MonicaCA90403
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Santa Monica at 1021 12th St APT 102, Santa Monica, CA, 90403 uses $328,342 cash to close to unlock $3,983/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $6,506/mo, and a $4,885/mo payment keeps the spread at $332/mo. Purchase price stands at $998,000, and rental yield measures 7.82% with $6,506/mo rent. Return on cash invested shows 21.27% in year one, and 5% annual appreciation builds toward $275,729 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash records $361,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,506/mo property income covering a $4,885/mo payment rather than investor’s personal income.
Condo
Built in 1972
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90403, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,536 (100%) |
| Owner Occupied HU | 3,137 (21.6%) |
| Renter Occupied HU | 9,979 (68.7%) |
| Vacant Housing Units | 1,420 ( 9.8%) |
| Median Home Value | $1,743,844 |
| Average Home Value | $1,682,748 |
Housing Distribution
Address Breakdown
Residential
14,810
Single Family
3,037
Multi-Family
11,773
Businesses
911
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Listed by: JESSICA SPELLERBERG • Wedgewood Homes Realty
Mls Name: CRMLS
Mls ID: #WS25255592