$3,155,000
$3,400,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
1502 Maple ST Santa Monica, CA 90405
10 Beds
10 Baths
4,718 SqFt
Key Details
Sold Price $3,155,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,718 sqft
Price per Sqft $668
MLS Listing ID 24376315
Sold Date 06/18/24
Bedrooms 10
HOA Y/N No
Year Built 1939
Lot Size 0.288 Acres
Acres 0.2884
Property Description
1502 Maple is a 10-unit bungalow style apartment complex on a large 12,557 sqft lot. The property features 8 (eight) one bedroom units and two bachelor units. The property has two detached garage structures with 4 separate garages. Four of the garages are rented as storage generating $1775/mo of additional income. Being sold at an in-place 5% cap rate and 14.6GRM! With over 50% upside in rents. About half of the property has been renovated, some units have in-unit washer/dryers. The property does have a shared laundry facility. 1502 Maple St is walking distance to some of the best retail in Santa Monica. Owner has the ability to add two large ADU units to the property through a garage conversion.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Laundry Common Area
Exterior
Garage Driveway, Private
View Y/N No
View None
Parking Type Driveway, Private
Total Parking Spaces 4
Building
Entry Level One
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4284026021
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Alondra Ruiz • Coldwell Banker West