Ignite FB Tracking Pixel1511 12th Street 1&2,abcd, Santa Monica, CA 90401 - Nicole Grey
Pinnacle Estate Properties, Inc.
Nicole Grey, Pinnacle Estate Properties, Inc.Phone: (818) 469-5007
Email: [email protected]
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listing
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Residential IncomeFor Sale
$3,595,000
1511 12th Street 1&2,abcd
Santa Monica, CA 90401
Listed by Peter Ciriello DRE#01418188 [email protected] LA Commercial
MLS: California Regional MLS (CRMLS)
8Beds
8Baths
5,443Sq Ft
Est. Mortgage
$18,657/mo

**Perfect Owner/Occupy Opportunity in Prime Santa Monica location** Unit A was Recently leased for $2,850 and Unit B for $2,695. This showcases the income potential of this property. Unit 2 in the duplex is vacant, ideal for an owner-occupier. The seller is flexible and may offer up to 80% LTV financing to facilitate a deal for the right Buyer. 5.48% Cap rate when fully occupied and a 13.41 GRM, this property is attractively priced. Sold together on two separate parcels, the front duplex features two 2-bed, 2-bath townhouses, each 1,600 SF, with in-unit laundry, fireplaces, and private patios. The rear fourplex comprises four updated 1-bed, 1-bath units, two at 500 SF and two at 625 SF, all with hardwood floors, separate bedrooms and kitchens, and in-unit washers and dryers. Parking includes four garages and one carport, previously rented separately for extra income, currently vacant with plans for an ADU conversion underway. Ample street parking and a locked gate ensure convenience and security. Drive by to view, please respect tenant privacy. Don't miss out on this opportunity, encompassing APNs 4282-032-027 and 028! ***PLEASE CONTACT US FOR AN OM***

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