Active
1502 Maple Street
Santa Monica CA, 90405
$3,400,000
$720.64 per sqft
Active
10 Beds
10 Baths
4,718 sqft
Residential
Built in 1939
Listed by Adam Kanizo with Paloma Realty Partners, Inc. 310-392-2436
1502 Maple is a 10-unit bungalow style apartment complex on a large 12,557 sqft lot. The property features 8 (eight) one bedroom units and two bachelor units. The property has two detached garage structures with 4 separate garages. Four of the garages are rented as storage generating $1775/mo of additional income. Being sold at an in-place 5% cap rate and 14.6GRM! With over 50% upside in rents. About half of the property has been renovated, some units have in-unit washer/dryers. The property does have a shared laundry facility. 1502 Maple St is walking distance to some of the best retail in Santa Monica. Owner has the ability to add two large ADU units to the property through a garage conversion.
24376315
MLSⓇ ID
April 4, 2024
Listed
April 12, 2024
Updated
Map
1502 Maple Street
Santa Monica CA, 90405
Interior Features
Total Stories
1
Bedrooms
10
Total Bathrooms
10
Appliances
Refrigerator
Laundry Description
Common Area
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.29 Acres
Architectual Style
Bungalow
Other Property Details
Area Name
C14 - Santa Monica
Days on Market
7
Garage
No
Parking
Driveway, Private
Parking Total
4
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
SMR2*
Buyer Agency Compensation
2%
Listing Contact: 310-392-2436
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/12/2024. 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.
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Data last updated on 4/12/2024 at 2:10 PM UTC