1511 12Th Street, #1&2,ABCD

Santa Monica, CA 90401

$3,595,000

List Price

8

bed Beds

8

shower Baths

5,443 sqft

straighten / sqft

1960

calendar_month Built

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***

Listing Information

List Price $3,595,000
Status Active
MLS 24385721
Type Residential Income
Year Built 1960
Lot Size 7,499
Structure Size 5,443
DOM 106
Courtesy Of LA Commercial
Listing Agent Peter Ciriello DRE#01418188
Co-Listing Agent Kelly Morgan DRE#01898026

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 8
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Peter Ciriello, Kelly Morgan, LA Commercial . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 26th, 2024 at 5:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.