1511 12th Street
Santa Monica, CA, 90401
$3,595,000
Beds
0 Baths
SqFt
0.17 Acres
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**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***

Property Details

Price:
$3,595,000
MLS #:
24385721
Status:
Active
Baths:
0
Address:
1511 12th Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Apr 29, 2024
State:
CA
ZIP:
90401
Lot Size:
7,499 sqft / 0.17 acres (approx)
Year Built:
1960
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Interior

Cooling
None
Heating
Forced Air

Exterior

Garage Spaces
4.00
Parking Features
Carport, Garage
Parking Spots
5.00
Security Features
Gated Community
Stories Total
2

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Tenant Pays
Gas, Cable T V, Electricity

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1511 12th Street
Santa Monica, CA