Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway.Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don’t miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.*** One vacant 1+1 unit, perfect opportunity for an owner occupier***Copper Plumbing | Updated Electrical | Individually metered***Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking***Front/Rear Property-2 Parcels/Properties offered together***Plans for a 750 SF (2+2) ADU***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
See this Listing
Mortgage Calculator
Schools
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
Financial
Tenant Pays
Gas, Cable T V, Electricity
Map
Community
- Address1511 12th Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90401
Similar Listings Nearby
- 609 Broadway Street
Venice, CA$4,650,000
2.05 miles away
- 1421 Greenfield Avenue
Los Angeles, CA$4,640,000
3.17 miles away
- 1537 Corinth Avenue
Los Angeles, CA$4,495,000
2.68 miles away
- 1019 6th Street
Santa Monica, CA$4,450,000
0.78 miles away
- 2512 Kansas Avenue
Santa Monica, CA$4,385,000
1.27 miles away
- 10786 Missouri Avenue
Los Angeles, CA$4,300,000
3.57 miles away
- 1288 Barry Avenue
Los Angeles, CA$4,025,000
2.44 miles away
- 943 19th Street
Santa Monica, CA$4,000,000
0.90 miles away
- 620 Acanto Street
Los Angeles, CA$3,995,000
3.98 miles away
- 1423 Euclid Street
Santa Monica, CA$3,995,000
0.14 miles away
Courtesy of LA Commercial. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1511 12th Street
Santa Monica, CA
LIGHTBOX-IMAGES