ActiveResidential · sale

1643 12th Street 2

Santa Monica, CA 90404

$2,395,000

  • 3 beds
  • 2 baths
  • 2,565 sq ft
  • 0.17 acres
  • Built 1992

Listed by The Agency · MLS #26863921

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1643 12th Street 2, Santa Monica, CA 90404 · MLS #26863921

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The middle level features a bright open floor plan with living room, dining space and custom kitchen designed with beautiful floors, millwork, concrete countertops and stainless-steel appliances.

Year built

Built in 1992.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Iconic landmark live/work residence developed by legendary Pritzker Prize-winning architect Frank Gehry in collaboration with renowned Los Angeles artist Charles Arnoldi. This is Residence 2, the stunning Southwest front-facing corner unit with 2,565 SF and considered the most desirable in the building. Currently curated as an art gallery and private residence, this versatile property offers the ultimate flexibility for any live, work or creative concept. Exceptional design with the utmost attention to detail is showcased through large scale open living spaces, double-height 17 ft ceilings, oversized gallery walls perfect for artwork and a sleek minimalist aesthetic throughout. Industrial-scale windows and oversized skylights flood the interior with natural light and beautiful panoramic views while enhancing Gehry's signature material palette. The dramatic entry great room showcases soaring two-story ceilings, concrete floors, a private office/bedroom with full bath and bonus mezzanine level above. The middle level features a bright open floor plan with living room, dining space and custom kitchen designed with beautiful floors, millwork, concrete countertops and stainless-steel appliances. The entire upper floor serves as the primary suite with panoramic city and ocean views, large walk-in closet and full spa-like bath with honed marble slabs and high-end European hardware. Gated and secure underground parking garage with two side by side spaces, storage and two guest spaces. Part of a boutique six-unit complex that stands as a testament to the creative partnership between two of California's most celebrated artistic figures. Residence 2 was selected by the artist and developer himself as his personal studio space. A one of a kind architectural marvel and an incredibly rare offering in the heart of Santa Monica.

THE NEIGHBORHOOD

Explore the location.

1643 12th Street 2, Santa Monica, CA 90404

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1992
Full baths
2
Half baths
0
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Refrigerator,Dryer,Washer
Flooring
Wood
Pool
No
Pool features
None
Zoning
SMM1*
Parcel
4283007030
HOA fee frequency
Monthly
HOA fee
$650.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$9,979.17
Cap rate

Annual operating income:

HOA: Includes $650.00 per month in HOA dues, converted from the $650.00 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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  3. Stay connected to your investment.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26863921 · California Regional MLS

Listing brokerage: The Agency
Listing agent: Brandon Assanti

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.