Homes for sale - 1511 12th St #1&2,ABCD, Santa Monica, CA 90401

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Max Lee

[email protected] +1(213) 434-2433

$ 3,595,000

Est. payment | -/mo

8 Beds

8 Baths

5,443 SqFt

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$ 3,595,000

Est. payment | -/mo

Save

8 Beds

8 Baths

5,443 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,443 sqft

Price per Sqft $660

MLS Listing ID 24-385721

Bedrooms 8

Year Built 1960

Lot Size 7,499 Sqft

Acres 0.0861

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 Santa Monica

Zoning SMBCD*

Rooms

Other Rooms Other

Interior

Heating Forced Air

Cooling None

Equipment Other

Exterior

Garage Carport, Garage

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by LA Commercial

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 434-2433

[email protected]

California, 91214-1304, USA

1511 12th St #1&2, ABCD Santa Monica, CA 90401

Max Lee

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1511 12th St #1&2,ABCD