CA > Santa Monica
Santa Monica, CA 90401,1511 12th St #1&2,ABCD
Santa Monica, CA 90401,1511 12th St #1&2,ABCD
Santa Monica, CA 90401,1511 12th St #1&2,ABCD
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$3,595,000
Est. payment /mo
8 Beds
8 Baths
5,443 SqFt
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UPDATED:

11/21/2024 12:34 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,443 sqft

Price per Sqft $660

MLS Listing ID 24-385721

Bedrooms 8

Year Built 1960

Lot Size 7,499 Sqft

Acres 0.0861

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 Santa Monica

Zoning SMBCD*

Rooms

Other Rooms Other

Interior

Heating Forced Air

Cooling None

Equipment Other

Exterior

Garage Carport, Garage

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by LA Commercial

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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