1502 Maple Street

Santa Monica, CA 90405

$3,050,000
Last Sold Price
8
Beds
10
Baths
4,903 Sq. Ft.
$622 / Sq. Ft.
4,903
Sq. Ft.
$622
per Sq. Ft.

Description

We are pleased to present 1502 Maple Street, a 10-unit apartment building in Santa Monica. The bungalow style property is situated on a large lot of 12,557 square feet. The total building has 4,718 square feet, and has 8 one-bedroom units and 2 bachelor units. A few of the units have been partially upgraded over the years, but the entire property would benefit from a thorough interior and exterior renovation program. This is a true value-add opportunity in Santa Monica for the veteran or first time...We are pleased to present 1502 Maple Street, a 10-unit apartment building in Santa Monica. The bungalow style property is situated on a large lot of 12,557 square feet. The total building has 4,718 square feet, and has 8 one-bedroom units and 2 bachelor units. A few of the units have been partially upgraded over the years, but the entire property would benefit from a thorough interior and exterior renovation program. This is a true value-add opportunity in Santa Monica for the veteran or first time investor.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Andrew Iser • DRE #02074942 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1502 Maple Street

Zoning
SMR2*
Parcel Number
4284026021
Total Units
10.0
Living Area
4903
Source Living Area
Owner
Area
Santa Monica (C14)
Vacancy Rate
1
Lot Size Area
12557

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505; Marcus & Millichap, Andrew Iser, DRE #02074942

Sold By Marcus & Millichap, Sevak Keshishian, DRE #01887505; Marcus & Millichap, Andrew Iser, DRE #02074942

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LISTING UPDATED: 05/04/2022 09:56 AM

Property Details for 1502 Maple Street

StatusSold
MLS #21-107753
Days on Market121
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.29 AC / 12,557 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505; Marcus & Millichap, Andrew Iser, DRE #02074942

Sold By Marcus & Millichap, Sevak Keshishian, DRE #01887505; Marcus & Millichap, Andrew Iser, DRE #02074942

Add your commute

Building Information for 1502 Maple Street

Stories-Residences-Year Built1939Building Size-Lot Size0.29 AC / 12,557 SF

Payment Calculator

$19,823 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,645

Property Taxes

$3,178

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1502 Maple Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Standard
  • View: Yes
  • View Description: Courtyard
  • View: Courtyard
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $189,502
  • Net Operating Income: $121,723.00
  • Gross Income: $174,023
  • Cap Rate: 3.80%
  • Gross Rent Multiplier: $16.43
  • Total Annual Expense: 67779
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.2883
  • Lot Size Square Feet: 12557
Parking Details
Parking Details
  • Parking Garage: Uncovered, Garage - 1 Car
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Uncovered, Garage - Single Door
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Wall/Window, Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dryer, Washer
  • Laundry: Community, In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-24-2021
  • Listing Terms: Contract
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,807.30
  • Unit Actual Rent: $1,807.30
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,099.00
  • Unit Actual Rent: $2,099.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,031.30
  • Unit Actual Rent: $2,031.30
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $677.79
  • Unit Actual Rent: $677.80
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $684.87
  • Unit Actual Rent: $684.90
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $850.87
  • Unit Actual Rent: $850.87
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $850.87
  • Unit Actual Rent: $850.87
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $33,006.00
  • Assessed Improvement Percent: 5.49
  • Assessed Land Value: $568,269.00
  • Assessed Land Percent: 94.51
  • Assessed Total Value: $601,275.00

Property History for 1502 Maple Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$2,177,700Additions$933,700Total$3,111,400
Tax Record2023$38,134 ($3,178 / 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505; Marcus & Millichap, Andrew Iser, DRE #02074942

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.