1511 12th St - Apartments FOR SALE


Santa Monica, CA 90401- Pico
$3,200,000 USD
310-980-4562
1511 12th St, Santa Monica, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/50
null | 5.6% Cap Rate

1511 12th St
Santa Monica, CA 90401
Pico


OVERVIEW

2 Properties Duplex and 4-plex, on a lot, this property comprises a duplex with (2) 1,600 SF 2+2 Townhouses, and on a separate lot, four units, each featuring one bedroom and one bathroom. 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. Parking is provided with four garages and one carport on-site. Four garages and the carport are rented separately for extra income. Street parking is ample. ADU Plans are underway to convert the garages into an additional unit.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$587 USD /SF

# OF UNITS

6

PRICE/UNIT

$533,333

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

SMBCD*

APN/PARCEL ID

4282-032-027,4282-032-028

ASK ABOUT THIS PROPERTY

Peter CirielloLA CommercialMore Info
310-980-4562

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Peter CirielloLA CommercialMore Info
310-980-4562

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.