1511 12th Street
Santa Monica, CA 90401
- – beds
- – baths
- – sqft
- 7,499 sqft lot
- 1960 build
- – on site
5.14% Cap on 100% Occupancy, 14.309 GRM. Priced to sell. 4 of 6 units vacated by June 1, and income based on reasonable market rents. Front duplex plus rear 4-plex, sold together, two separate parcels. The front duplex is comprised of 2 side-by-side 2+2 1,600 SF townhouses with w/d in unit, fireplaces and private patios. The rear fourplex comprises four units, each 1+1. 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. Three 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. Please note, the front parcel is now included in the sale. One townhouse and one 1+1 are currently vacant. Garages rent for $295/month and carport $195/month but the carport is included in Unit 1 rent. At the time of this listing Unit A has a tenant signing to move in at $2,795 and Unit B & D have given notice to be vacant on June 1. Unit 2 (townhouse) is vacant and will updated and listed at $5,295. An owner user could get a 30 year fixed mortgage with 20% down. Gate is locked. Please drive by only, do not disturb tenants.
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Last updated May 2, 2024
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MLS# 24385721 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/30/24
Apr 30, 2024
|
Listed / Active | CRMLS_CA | $3,595,000 | |
|
4/18/24
Apr 18, 2024
|
Listed / Active | BRIDGE | ||
|
9/8/20
Sep 8, 2020
|
Listed / Active | CRMLS_CA |