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1511 12th St
Santa Monica, CA 90401
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
2 Properties Duplex and 4-plex, on a lot, this property comprises a duplex with (2) 1,600 SF 2+2 Townhouses, and on a separate lot, four units, each featuring one bedroom and one bathroom. 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. Parking is provided with four garages and one carport on-site. Four garages and the carport are rented separately for extra income. Street parking is ample. ADU Plans are underway to convert the garages into an additional unit.
PROPERTY FACTS
| Price Per Unit | $533,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.60% | Building Size | 5,448 SF |
| Gross Rent Multiplier | 12.43 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | SMBCD* - mix of commercial and residential uses | ||
| Price Per Unit | $533,333 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 12.43 |
| 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 | - | 500 - 600 |
| 2+2 | 2 | - | 1,500 - 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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