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12360 Osborne St
For Sale $11,950,000
$11,950,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 56,931 Sq Ft
Description
Exceptionally well-maintained apartment complex consisting of a good mix of 1, 2, and 3 bedroom units across multiple three-story structures. The property is subject to an restrictive affordability covenant that expires in 2060. Situated on 1.3 acres, the property also offers the potential to add additional units such as ADU's (buyer to verify). Existing City / Government loans may be assumable subject to Lenders' approval. Seller may be subject to certain notice provisions under the Affordable Housing Preservation Laws, including a possible opportunity for certain qualified entities to submit an offer, which may extend close of escrow. Prospective Buyers are encouraged to be able to show proof of history and ability to operate an affordable housing apartment complex, and encouraged to register with the state and/or local housing authority to become a "Qualified Entity" in order to ensure a smooth and timely transaction. Buyer to verify all information including financials. Financial information provided by Seller is based on actual rents in compliance with affordability covenants; scheduled rents and operating expenses are adjusted to adjust for vacancies and one-time expenses and include expected property taxes excluding welfare exemptions (ie a nonprofit Buyer would likely be entitled to welfare exemption and thus reduced property taxes compared to what is shown); and proforma rents are based on market rents that may or may not be able to be fully collected under affordability covenants and rent control increases.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $11,950,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 2008 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2536015225 |
| MLS # | OC25124018 |
| Property ID | 292405427 |
| Lot Sqft | 56,931 |
| Zoning | LARD1.5 |
| Total Units | 51 |
| Days on Market | 250 |
| Original List Price | $12,500,000 |
| Date Updated | December 04, 2025 |
| Date Created | May 28, 2025 |
Listing Provided By
Judson Leibee an agent of JCI Real Estate, Inc.. Lic #01824779
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 04, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT