1511 12th Street

Santa Monica, CA 90401

$3,595,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $660 / sqft

1960

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 1511 12th Street
City Santa Monica
State CA
Zip 90401
County Los Angeles
Listing Agent Peter Ciriello DRE#01418188
Co-Listing Agent Kelly Morgan DRE#01898026
Courtesy Of LA Commercial
MLS 24385721
List Price $3,595,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,499
Year Built 1960
DOM 20

Exterior Information

Maps

Listing information courtesy of: Peter Ciriello, Kelly Morgan, LA Commercial . *Based on information from the Association of REALTORS/Multiple Listing as of May 16th, 2024 at 9:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.