1511 12th St #1&2,ABCD Active Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90401
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
Property Description
**Perfect Owner/Occupy Opportunity in Prime Santa Monica location** Unit A was Recently leased for $2,850 and Unit B for $2,695. This showcases the income potential of this property. Unit 2 in the duplex is vacant, ideal for an owner-occupier. The seller is flexible and may offer up to 80% LTV financing to facilitate a deal for the right Buyer. 5.48% Cap rate when fully occupied and a 13.41 GRM, this property is attractively priced. Sold together on two separate parcels, the front duplex features two 2-bed, 2-bath townhouses, each 1,600 SF, with in-unit laundry, fireplaces, and private patios. The rear fourplex comprises four updated 1-bed, 1-bath units, two at 500 SF and two at 625 SF, all with hardwood floors, separate bedrooms and kitchens, and in-unit washers and dryers. Parking includes four garages and one carport, previously rented separately for extra income, currently vacant with plans for an ADU conversion underway. Ample street parking and a locked gate ensure convenience and security. Drive by to view, please respect tenant privacy. Don't miss out on this opportunity, encompassing APNs 4282-032-027 and 028! ***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
Others
Special Listing Condition Standard