1511 12th St | Santa Monica, CA 90401
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- LoopNet Team
1511 12th St
Santa Monica, CA 90401
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Two-2BR/2BA townhomes. 1,600 S.F. each are suitable for owner to occupy
- Value-Add: Plans are available to convert the garages to a 2BR/2BA unit
- 12.5 x Gross; 5.9% Cap with existing rents; 11.1x Gross and 6.9% Cap with rents at market
PROPERTY FACTS
| No. Units | 6 | Building Size | 5,448 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1959 |
| Building Class | B | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | SMBCD* - mix of commercial and residential uses | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 5,448 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | SMBCD* - mix of commercial and residential uses |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Hardwood Floors
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,595 | 500 - 625 |
| 2+2 | 2 | $4,900 | 1,600 |
PROPERTY TAXES
| Parcel Number | 4282-032-028 | Improvements Assessment | $35,354 |
| Land Assessment | $194,508 | Total Assessment | $229,862 |
PROPERTY TAXES
Parcel Number
4282-032-028
Land Assessment
$194,508
Improvements Assessment
$35,354
Total Assessment
$229,862
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