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

Update Unit A rented for $2,850! An application is in for Unit B for $2,895. Units 1 & 2 rents updated to $4,995 each. Seller willing to carry up to 80% LTV to make a deal. 5.26% Cap when 100% Occupied, 13.8 GRM. Priced to sell. Front duplex with both units vacant. Rear 4-plex with 1 unit vacant. Properties sold together, two separate parcels. The front duplex is comprised of 2 side-by-side 2+2 1,600 SF townhouses with w/d in unit, fireplaces and private patios. The rear fourplex comprises four units, each 1+1. Two units are 500 square feet, while the other two are slightly larger at 625 square feet. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Fourplex: Unit B & D have given notice to be vacant on June 1. Parking is provided with four garages and one carport on-site. All 4 garages and the carport are rented separately for extra income, all are vacant at the moment (owner was occupying but has now moved). ADU Plans are underway to convert the garages into an additional unit. Street parking is ample. Garages rent for $295/month and carport $195/month, all are currently vacant. Gate is locked. Please drive by only, do not disturb tenants. This listing is for both APNs 4282-032-027 and 028.

24385721

MLS ID

April 29, 2024

Listed

May 16, 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

17


Garage

Yes


Garage Spaces

4


Parking

Carport, Garage


Parking Total

5


View

No


County

Los Angeles


Pool

No


Zoning

SMBCD*


Buyer Agency Compensation

2%

Listing Contact: 310-980-4562 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/16/2024 at 6:11 PM UTC

 

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