1502 Maple Street
$3,155,000
10
10
4,718
4,718
$669
Sold 6/18/24
Description
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...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.
- Listed by Adam Kanizo • DRE #02008361 • Brokerage DRE #01891656 • Paloma Realty Partners, Inc.
Property Details for 1502 Maple Street
Zoning
SMR2*
StyleBungalow
Parcel Number4284026021
Total Units10.0
Living Area4718
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate0
LISTING UPDATED: 06/23/2024 10:35 PM
Property Details for 1502 Maple Street
Status | Sold |
---|---|
MLS # | 24-376315 |
Days on Market | 66 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.29 AC / 12,561 SF |
County | Los Angeles County |
Building Information for 1502 Maple Street
Stories-Residences-Year Built1939Building Size-Lot Size0.29 AC / 12,561 SF
Property Information for 1502 Maple Street
Property History for 1502 Maple Street
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.
Public Records for 1502 Maple Street
Taxable ValueLand$2,221,254Additions$952,366Total$3,173,620
Tax Record2024$38,744 ($3,229 / month)
Home Facts
Total Finished SqFt4,718 SqFtAbove Grade Finished SqFt4,718 SqFtLot Size12,557 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningSMR2*CountyLOS ANGELESAPN4284-026-021
Schools near 1502 Maple Street
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 - | K to 5 |
Rating | School | Distance |
---|---|---|
Will Rogers Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Juan Cabrillo Elementary School PublicK to 5 |
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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