1502 Maple Street
Santa Monica, CA 90405

  • – beds
  • – baths
  • – sqft
  • 12,561 sqft lot
  • 1939 build
  • on site

1502 Maple is a 10-unit bungalow style apartment complex on a large 12,557 sqft lot. The property features 8 (eight) one bedroom units and two bachelor units. The property has two detached garage structures with 4 separate garages. Four of the garages are rented as storage generating $1775/mo of additional income. Being sold at an in-place 5% cap rate and 14.6GRM! With over 50% upside in rents. About half of the property has been renovated, some units have in-unit washer/dryers. The property does have a shared laundry facility. 1502 Maple St is walking distance to some of the best retail in Santa Monica. Owner has the ability to add two large ADU units to the property through a garage conversion.

California Regional MLS logo Listed By CRMLS_CA / Adam Kanizo / Paloma Realty Partners, Inc.

Last checked: Checking… • Last updated Apr 12, 2024 •

MLS# 24376315 —

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Walk Score®

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Sale history

Date Event Source Price % Change
4/4/24
Listed / Active CRMLS_CA $3,400,000 11.5% (5.8% / YR)
2/6/23
Listed / Active CRMLS_CA
4/15/22
CRMLS_CA $3,050,000 -4.7%

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Multifamily For Sale

$3,400,000

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Listing provided by broker:

Adam Kanizo

Paloma Realty Partners, Inc.

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This multifamily located in Silicon Beach, Santa Monica, CA 90405 is currently for sale for $3,400,000. 1502 Maple Street is a – square foot multifamily with – beds and – baths that has been on Estately for 26 days. 1502 Maple Street is in the Silicon Beach neighborhood of Santa Monica and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Will Rogers Elementary School, John Adams Middle School, and Santa Monica High School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and Paloma Realty Partners, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 05:13 on Apr 30.

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