1511 12th Street, Unit 1&2 ABCD
$3,595,000
8
8
5,443
5,443
$660
Description
Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two...Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway. Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don't miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy. One vacant 1+1 unit, perfect opportunity for an owner occupier Copper Plumbing | Updated Electrical | Individually metered Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking Front/Rear Property-2 Parcels/Properties offered together Plans for a 750 SF (2+2) ADU Please contact us for an om
- Listed by Peter Ciriello • DRE #01418188 • Brokerage DRE #01418188 • LA Commercial
- Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • KW Advisors
Property Details for 1511 12th Street, Unit 1&2 ABCD
Zoning
SMBCD*
Parcel Number4282032027
Total Units6.0
Living Area5443
Source Living AreaOther
AreaSanta Monica (C14)
Vacancy Rate1 unit
Lot Size Area7499
LISTING UPDATED: 11/20/2024 05:34 PM
Property Details for 1511 12th Street, Unit 1&2 ABCD
Status | Active |
---|---|
MLS # | 24-385721 |
Days on Market | 236 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.17 AC / 7,499 SF |
County | Los Angeles County |
Building Information for 1511 12th Street, Unit 1&2 ABCD
Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,499 SF
Property Information for 1511 12th Street, Unit 1&2 ABCD
Property History for 1511 12th Street, Unit 1&2 ABCD
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1511 12th Street, Unit 1&2 ABCD
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
McKinley Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Olympic High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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