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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.

Features
: Forced air
2
0
Additional Information
LA Commercial
0
CLW-X64322
CLW-X78185
Peter
4282032027
: Standard
4
Two
32

Multi-Family For Sale

1511 12th Street, Santa Monica, California 90401

5,443 Sqft
$3,595,000
Listing ID #24385721
Basic Details
Status : Active
DaysOnMarket : 17
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24385721
Price : $3,595,000
Living Area : 5,443 Sqft
Lot Size : 7,499 Sqft
Year Built : 1960
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90401
Price Per Square Foot : $660
ModificationTimestamp : 2024-05-16 09:22:06
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