1511 12th Street 1&2,ABCD

Active

1511 12th Street 1&2,ABCD

Santa Monica CA, 90401

$3,595,000

$660.48 per sqft

Active

8 Beds

8 Baths

5,443 sqft

Residential

Built in 1960

Listed by Peter Ciriello with LA Commercial 310-980-4562

**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***

24385721

MLSⓇ ID

April 29, 2024

Listed

August 30, 2024

Updated

Map

1511 12th Street 1&2,ABCD
Santa Monica CA, 90401

Interior Features

Total Stories: 2
Bedrooms: 8
Total Bathrooms: 8
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Forced Air

Exterior/Building Features

Lot Size: 0.17 Acres

Other Property Details

Area Name: C14 - Santa Monica
Days on Market: 88
Garage: Yes
Garage Spaces: 4
Parking: Carport, Garage
Parking Total: 5
View: No
County: Los Angeles
Pool: No
Zoning: SMBCD*

Listing Contact: 310-980-4562

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/30/2024 at 7:07 PM UTC