$3,595,000
- Beds
- 8
- sq ft
- 5,443
1511 12th St Unit 1, Santa Monica, CA 90401
1511 12th St Unit 1
Santa Monica, CA 90401
- 66 days on market
**Perfect Owner/Occupy Opportunity in Prime Santa Monica location** Unit A was Recently leased for $2,850 and Unit B for $2,895. 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. 5.54% Cap rate when fully occupied and a 13.29 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***
Details
Property type
Lot size
7,499 sq ft
Price per sq ft
$661
Year built
1960
HOA
No
Price History
04/29/2024
CLAW #24385721
Listed
$3,595,000
Schools & Community
Neighborhood:
Downtown/Third Street Promenade
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 07/05/2024 at 7:25 PM
Listing updated: 06/18/2024 at 12:13 PM
Listed by: Peter Ciriello, LA Commercial Phone #: (310) 980-4562
MLS: CLAW #24385721
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