1511 12TH Street

    Santa Monica, CA 90401
    • $2,050,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: 19456400
    UPDATED: 70 min ago
    $2,050,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,200
      SQFT
    • $641
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Property to be sold together with rear APN, total price is $3,800,000. Best OWNER USER property in Santa Monica.Amazing location, walking distance from bars, restaurants, shopping, gyms, yoga, the beach - everything Downtown Santa Monica has to offer.This beautiful and unique property has so many great features to add to it's great curb appeal on a beautiful street and abundant parking. Above and beyond, for any investor, is this property's ability to provide a loan with MAXIMUM leverage. Max leverage, for anyone strong credit, is the key to using real estate to maximize your return on investment. The front property is a duplex on it's own parcel with separate APN. Each 1,600 SF unit has it's own entrance with a floor plan of living room, kitchen, bath, dining room and den on the ground floor and 1 large bedroom and Master bed, bath upstairs. The units each have a fenced in private patio in the rear. The unit was renovated in 2006, with real hard wood floors and nice amenities

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-18T08:30:17.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.laffinsrealestate.com/homes/93813055

    1511 12TH Street Santa Monica, CA 90401

    • Price: $2,050,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: 19456400
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,200
    SQFT
    $641
    $/SQFT
    1960
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Property to be sold together with rear APN, total price is $3,800,000. Best OWNER USER property in Santa Monica.Amazing location, walking distance from bars, restaurants, shopping, gyms, yoga, the beach - everything Downtown Santa Monica has to offer.This beautiful and unique property has so many great features to add to it's great curb appeal on a beautiful street and abundant parking. Above and beyond, for any investor, is this property's ability to provide a loan with MAXIMUM leverage. Max leverage, for anyone strong credit, is the key to using real estate to maximize your return on investment. The front property is a duplex on it's own parcel with separate APN. Each 1,600 SF unit has it's own entrance with a floor plan of living room, kitchen, bath, dining room and den on the ground floor and 1 large bedroom and Master bed, bath upstairs. The units each have a fenced in private patio in the rear. The unit was renovated in 2006, with real hard wood floors and nice amenities
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Single Door Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.37 Gross Multiplier 15.91 Gross Operating Income 125013.00 Improvements Amount 94068 Land Value 213306 Laundry YN Yes Net Operating Income 89657.00 Special Listing Conditions Standard Total Expenses 35355.00 Zoning Smbcd*

    Listing provided courtesy of Peter Ciriello of La Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-18T08:30:17.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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