$3,595,000
1511 12th ST #1&2, ABCD Santa Monica, CA 90401
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,595,000
Est. payment /mo
8 Beds
8 Baths
5,443 SqFt
UPDATED:
11/21/2024 01:46 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,443 sqft
Price per Sqft $660
MLS Listing ID 24385721
Bedrooms 8
HOA Y/N No
Year Built 1960
Lot Size 7,501 Sqft
Property Description
Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway.Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don't miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.*** One vacant 1+1 unit, perfect opportunity for an owner occupier***Copper Plumbing | Updated Electrical | Individually metered***Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking***Front/Rear Property-2 Parcels/Properties offered together***Plans for a 750 SF (2+2) ADU***PLEASE CONTACT US FOR AN OM***
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMBCD*
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage Carport, Garage
Garage Spaces 4.0
Carport Spaces 1
Garage Description 4.0
Community Features Gated
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4282032027
Security Features Gated Community
Special Listing Condition Standard
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Listed by Peter Ciriello • LA Commercial
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