824 Maple St - Apartments FOR SALE


Santa Monica, CA 90405- Sunset Park
$2,975,000 USD
310-903-7706
824 Maple St, Santa Monica, CA for Sale
$2,975,000 USD
Apartments - FOR SALE
1/19
null | 5.05% Cap Rate

824 Maple St
Santa Monica, CA 90405
Sunset Park


HIGHLIGHTS

  • Huge 3 bed + 3 baths "Owner's Unit" with an attached 4 car garage.
  • All windows are upgraded dual paned.
  • Close to Main St. and the beach!

OVERVIEW

Roque & Mark Co. is pleased to represent this well maintained 6-unit apartment building in the Ocean Park neighborhood of Santa Monica. This property is only 6 blocks to Main St. and 8 blocks to the beach. The front unit is a huge 3 bedroom + 3 baths “Owner’s Unit” that is approx. 2,000 sf. It has a private, 4 car oversized attached garage with additional driveway parking. Excellent unit mix consisting of (1) 3 beds + 3 baths, (3) 2 beds + 2 baths, and (2) 1 bed + 1 bath + bonus room. The bonus rooms function like a bedroom, just without a closet. The entire building has upgraded dual paned windows. The property is fully occupied and currently offered at a 13 GRM and 510 CAP rate. 5 additional parking spaces located off the alley. Every unit has a reserved parking space. All soft-story retrofitting and balcony inspections have been completed. Several units have been luxuriously upgraded. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability. This is a quiet street despite its close proximity to shops, cafés, and restaurants. Subject to City of Santa Monica rent control.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

6

PRICE/UNIT

$495,833

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,591 SF

ZONING

SMR2*

APN/PARCEL ID

4284-008-011

ASK ABOUT THIS PROPERTY

David SchuchmanRoque & Mark Co., Inc.More Info
310-903-7706

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David SchuchmanRoque & Mark Co., Inc.More Info
310-903-7706

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