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$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

  • 189 days on market
**Perfect Owner/Occupy Opportunity in Prime Santa Monica location** Unit A was Recently leased for $2,850 and Unit B for $2,695. 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***

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

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

Status: Active

Tomo last checked: 11/05/2024 at 3:30 AM

Listing updated: 09/30/2024 at 11:50 AM

Listed by: Peter Ciriello, LA Commercial Phone #: (310) 980-4562

MLS: CLAW #24385721

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