Homes for sale - 1511 12th ST #1&2,ABCD, Santa Monica, CA 90401

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Sally Baik

sally@sallybaikrealestate.com +1(818) 572-3417

$ 3,595,000

Est. payment | -/mo

8 Beds

8 Baths

5,443 SqFt

Save

$ 3,595,000

Est. payment | -/mo

Save

8 Beds

8 Baths

5,443 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,443 sqft

Price per Sqft $660

MLS Listing ID 24385721

Bedrooms 8

HOA Y/N No

Year Built 1960

Lot Size 7,501 Sqft

Property Description

Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway.Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don't miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.*** One vacant 1+1 unit, perfect opportunity for an owner occupier***Copper Plumbing | Updated Electrical | Individually metered***Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking***Front/Rear Property-2 Parcels/Properties offered together***Plans for a 750 SF (2+2) ADU***PLEASE CONTACT US FOR AN OM***

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMBCD*

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Carport, Garage

Garage Spaces 4.0

Carport Spaces 1

Garage Description 4.0

Community Features Gated

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4282032027

Security Features Gated Community

Special Listing Condition Standard

Listed by Peter Ciriello • LA Commercial

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 572-3417

sally@sallybaikrealestate.com

232 W Olive Ave #20, la Habra, California, 90631, USA

1511 12th ST #1&2, ABCD Santa Monica, CA 90401