• 1511 12th Street, Santa Monica CA: https://media.crmls.org/mediaz/3c2ee465-55ab-4bd7-9982-699a196d4fae.jpg
  • 1511 12th Street, Santa Monica CA: https://media.crmls.org/mediaz/cb076eda-6206-41ad-a28e-c3ac67b4fecd.jpg
  • 1511 12th Street, Santa Monica CA: https://media.crmls.org/mediaz/67ea112f-3126-4e1b-b8ca-a5fc33783c6b.jpg

1511 12th Street, Santa Monica, CA 90401

| 5,448 SQ/FT

Offered at $3,500,000

Two separate adjacent parcels (Parcel #4282-032-027 & 4282-032-028) consist of a duplex and fourplex, total 6-units. Buyer may be able to obtain two loans as high as 80% of price. Completely renovated, copper plumbing, updated electrical, fire places, hardwood floors, washers & dryers in all units, tiled kitchen and bathrooms. Prime Santa Monica, close to shops and restaurants on 3rd St promenade. The front lot consists of a duplex (2-2BR/2BA townhomes. 1,600 S.F. each are suitable for owner to occupy), the rear lot consists of a fourplex (4-1BR, 1BA units). 13.7 x Gross; 5.3% Cap with existing rents; 12.1 x Gross and 6.2% Cap with rents at market. Value-Add: Plans are available to convert the garages to a 2BR/2BA ADU.