$3,595,000
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1511 12th Street Unit 1&2,ABCD Santa Monica, CA 90401
Cluster
Residence
8
Beds
8
Baths
...
Bed/Bath
5,443
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
**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 finan...cing 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***
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MLS#
24385721
Property Type
Cluster
Bedrooms
8
Bathrooms
Year Built
1960
Square Feet
5,443
sq. ft
Lot Size
0.17
Stories
2.0
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