Income Home for Sale in Santa Monica, California

1511 12th Street, Santa Monica, California 90401, US

$ 3,595,000
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Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 3,595,000
  • MLS ID: 24385721
  • Property Type: Income Home
  • WEB ID: PR02847568
  • Property Status: Active
  • Lot Size: 7,499sqft
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 3,595,000
  • MLS ID: 24385721
  • Property Type: Income Home
  • WEB ID: PR02847568
  • Property Status: Active
  • Lot Size: 7,499sqft
5% Cap on 100% Occupancy, 14.34 GRM. Priced to sell. 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 has 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.

Additional Features

  • Forced Air
  • Two
  • Parking spaces: 0.00
  • Listing Status: Active
  • Listing Agent: Peter Ciriello (lic# 01418188) of Beverly Hills/Greater LA
  • Listing Office: LA Commercial (lic# 01525128)
  • Based on information from CRISNet MLS as of 22nd November 2024 at 11:23pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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