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

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

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Gas, Cable T V, Electricity

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1511 12th Street
Santa Monica, CA