1511 12th St - Apartments FOR SALE


Santa Monica, CA 90401
$3,595,000 USD
310-836-3638
1511 12th St, Santa Monica, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/38
null | 5.26% Cap Rate

1511 12th St
Santa Monica, CA 90401


HIGHLIGHTS

  • 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
  • Plans for a 750 SF (2+2) ADU
  • Front/Rear Property-2 Parcels/Properties offered together
  • ***PLEASE CONTACT US FOR AN OM***

OVERVIEW

LA Commercial (Peter Ciriello, CCIM) and Kelly Morgan Commercial (KW Commercial) proudly present 1511 12th Street, an 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. ***Contact us today for a full Offering Memorandum (OM)***

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$660 USD /SF

# OF UNITS

6

PRICE/UNIT

$599,167

CAP RATE

5.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perfect Santa Monica location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

SMBCD*

APN/PARCEL ID

4282-032-027,4282-032-028

ASK ABOUT THIS PROPERTY

Kelly MorganKelly Morgan Commercial GroupMore Info
310-836-3638

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

Kelly MorganKelly Morgan Commercial GroupMore Info
310-836-3638

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