Active

1511 12th St Unit: 1&2,ABCD

Santa Monica CA, 90401

$3,595,000


$660.48 per sqft

Active

8 Beds

8 Baths

5,443 sqft

Multi-family

Built in 1960

**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***

24-385721

MLS ID

April 30, 2024

Listed

August 23, 2024

Updated

Map

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

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

8


Appliances

Other


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Santa Monica


Days on Market

106


Garage

Yes


Garage Spaces

4


Parking

Carport, Garage


Parking Total

5


View

No


County

Los Angeles


Pool

No


Zoning

SMBCD*

Listed by Peter Ciriello with LA Commercial
Listing Contact: 310-980-4562 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Shelhee Gal | CA DRE# 01721758 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/23/2024

Powered byLuxury Presence