About This Project

1424-1428 12th Street

Units: 20

Acquired: February 2018

Location: Santa Monica, CA

The apartment community was built in 1960 and is located in Santa Monica, CA within the 90401 zip code; just one mile from Ocean Avenue. Positioned just south of the major Santa Monica thoroughfare, the Community benefits from not only great walkability to popular cuisine, entertainment, and nightlife; but also, is located 2 blocks of the Expo Line transit system and also across the street from Pluralistic School One, or PS1, one of the premier, private elementary schools in Los Angeles.
The Community offers an excellent unit mix of single, 2 & 3 bedroom apartments that are spacious and filled with natural light. The Property is located on a double lot and within a zip code where single-family residences have a median value over $1.5 million. Nextgen completed a luxury renovation to the interior and exterior of the Community to offer an attractive living experience at a substantial discount to local home ownership and newly constructed apartment communities.