1511 12th Street, Unit 1&2 ABCD

Santa Monica, CA 90401

$3,595,000
Price
8
Beds
8
Baths
5,443 Sq. Ft.
$660 / Sq. Ft.
5,443
Sq. Ft.
$660
per Sq. Ft.

Description

Update Unit A rented for $2,850! An application is in for Unit B for $2,895. Units 1 & 2 rents updated to $4,995 each. Seller willing to carry up to 80% LTV to make a deal. 5.26% Cap when 100% Occupied, 13.8 GRM. Priced to sell. Front duplex with both units vacant. Rear 4-plex with 1 unit vacant. Properties 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,...Update Unit A rented for $2,850! An application is in for Unit B for $2,895. Units 1 & 2 rents updated to $4,995 each. Seller willing to carry up to 80% LTV to make a deal. 5.26% Cap when 100% Occupied, 13.8 GRM. Priced to sell. Front duplex with both units vacant. Rear 4-plex with 1 unit vacant. Properties 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. Fourplex: Unit B & D have given notice to be vacant on June 1. Parking is provided with four garages and one carport on-site. All 4 garages and the carport are rented separately for extra income, all are vacant at the moment (owner was occupying but has now moved). ADU Plans are underway to convert the garages into an additional unit. Street parking is ample. Garages rent for $295/month and carport $195/month, all are currently vacant. Gate is locked. Please drive by only, do not disturb tenants. This listing is for both APNs 4282-032-027 and 028.
  1. Listed by Peter Ciriello • DRE #01418188 • Brokerage DRE #01418188 • LA Commercial
  2. Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • KW Advisors

Property Details for 1511 12th Street, Unit 1&2 ABCD

Zoning
SMBCD*
Parcel Number
4282032027
Total Units
6.0
Living Area
5443
Source Living Area
Other
Area
Santa Monica (C14)
Vacancy Rate
8156
Lot Size Area
7499

Location

Listing Courtesy of LA Commercial, Peter Ciriello, DRE #01418188; KW Advisors, Kelly Morgan, DRE #01898026
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LISTING UPDATED: 05/16/2024 09:10 AM

Property Details for 1511 12th Street, Unit 1&2 ABCD

StatusActive
MLS #24-385721
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.17 AC / 7,499 SF
CountyLos Angeles County

Location

Listing Courtesy of LA Commercial, Peter Ciriello, DRE #01418188; KW Advisors, Kelly Morgan, DRE #01898026
Add your commute

Building Information for 1511 12th Street, Unit 1&2 ABCD

Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,499 SF

Payment Calculator

$19,619 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,619

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1511 12th Street, Unit 1&2 ABCD

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1+1s and 2+2
  • Unit Number: 1&2,ABCD
  • Security Features: Gated
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $263,698
  • Net Operating Income: $199,876.00
  • Gross Income: $271,854
  • Cap Rate: 5.58%
  • Gross Rent Multiplier: $13.22
  • Actual Annual Gross Rent: $22,655.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 63822
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0861
  • Lot Size Square Feet: 7499
Parking Details
Parking Details
  • Parking Garage: Carport, Garage
  • Total Parking: 5
  • Garage Spaces Total: 4
  • Carport Spaces Total: 1
  • Parking Features: Carport, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-30-2024
  • Garage Rental Rate: 295
  • Tenant Pays: Gas, Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $9,990.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,873.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $5,745.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,205.00
  • Unit Projected Rent: $5,190.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $104,932.00
  • Assessed Improvement Percent: 30.6
  • Assessed Land Value: $237,945.00
  • Assessed Land Percent: 69.4
  • Assessed Total Value: $342,877.00

Property History for 1511 12th Street, Unit 1&2 ABCD

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1511 12th Street, Unit 1&2 ABCD is a multi-family home for sale in Santa Monica, CA 90401. This property was listed for sale on April 29, 2024 by LA Commercial, it's currently listed at $3,595,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1511 12th Street, Unit 1&2 ABCD is a 8-bed, 8-bath, 5,443 sqft multi-family home built in 1960.

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 LA Commercial, Peter Ciriello, DRE #01418188; KW Advisors, Kelly Morgan, DRE #01898026

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.