Thank you
Peter Ciriello
LA Commercial
310-980-4562
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.
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Total Bedrooms : 8
Total Baths: 8
Full Baths: 0
Half Baths: 0
None
Air Conditioning
Forced Air
Has Heating
Year Built: 1960
Building Area Total: 5,443
Gated Community
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1722
Lot Size Source: Other
Lot Size Square Feet: 7499
Original List Price: 3,595,000
Listing Contract Date: 2024-04-29
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4282032027
Garage Description: Carport,Garage
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 3015
Directions: 12th Street, between Colorado and Broadway
Zoning: SMBCD*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 64
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5443
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1528 11th Street, Santa Monica, CA,90401 | $2,575,000 | -- | -- | 6,414 | 7489 Sqft |
1755 Ocean Avenue #PH1003, Santa Monica, CA,90401 | $3,500,000 | 2 | 2 | 1,736 | 37909 Sqft |
1755 Ocean Avenue #503, Santa Monica, CA,90401 | $3,995,000 | 3 | 3 | 2,096 | 37909 Sqft |
1518 10th Street, Santa Monica, CA,90401 | $4,175,000 | 17 | -- | 10,080 | 7490 Sqft |
1705 Ocean Avenue #302, Santa Monica, CA,90401 | $2,098,000 | 2 | 2 | 1,552 | 40870 Sqft |
1755 Ocean Avenue #602, Santa Monica, CA,90401 | $2,095,000 | 2 | 2 | 1,560 | -- |
1755 Ocean Avenue #414, Santa Monica, CA,90401 | $3,295,000 | 2 | 2 | 1,576 | -- |
1755 Ocean Avenue #314, Santa Monica, CA,90401 | $1,895,000 | 2 | 1 | 1,390 | -- |
1323 11th Street, Santa Monica, CA,90401 | $4,800,000 | 13 | -- | 7,098 | 7485 Sqft |
1518 11th Street, Santa Monica, CA,90401 | $2,199,000 | -- | -- | -- | 7503 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 18:13
MLS: 24385721
LISTED BY: Peter Ciriello, LA Commercial
SOURCE: CRMLS
Buyer Agency Description: 4% fee 50/50 split.