Perfect Santa Monica location | 1511 12th St
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Perfect Santa Monica location 1511 12th St
6 Unit Apartment Building $5,196,824 CAD ($866,137 CAD/Unit) 5.26% Cap Rate Santa Monica, CA 90401
Investment Highlights
- One vacant 1+1 unit, perfect opportunity for an owner occupier
- Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking
- Front/Rear Property-2 Parcels/Properties offered together
- Copper Plumbing | Updated Electrical | Individually metered
- Plans for a 750 SF (2+2) ADU
- ***PLEASE CONTACT US FOR AN OM***
Executive Summary
LA Commercial (Peter Ciriello, CCIM) and Kelly Morgan Commercial (KW Commercial) proudly present 1511 12th Street, an exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN.
Property Highlights:
Unit Income:
Townhouse 1: Recently leased for $4,959.50
Townhouse 2: Recently leased for $5,109
Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM.
Property Details:
Front Duplex:
Two spacious 2-bed, 2-bath townhouses (1,600 SF each).
Features include in-unit laundry, fireplaces, and private patios.
Rear Fourplex:
Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF).
Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers.
Parking & Potential:
Four garages and one carport, offering additional rental income potential.
Seller has ADU conversion plans underway.
Additional Features:
Gated property with ample street parking for added convenience and security.
Located on two separate APNs: 4282-032-027 and 4282-032-028.
Opportunity Awaits, don’t miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.
***Contact us today for a full Offering Memorandum (OM)***
Property Highlights:
Unit Income:
Townhouse 1: Recently leased for $4,959.50
Townhouse 2: Recently leased for $5,109
Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM.
Property Details:
Front Duplex:
Two spacious 2-bed, 2-bath townhouses (1,600 SF each).
Features include in-unit laundry, fireplaces, and private patios.
Rear Fourplex:
Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF).
Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers.
Parking & Potential:
Four garages and one carport, offering additional rental income potential.
Seller has ADU conversion plans underway.
Additional Features:
Gated property with ample street parking for added convenience and security.
Located on two separate APNs: 4282-032-027 and 4282-032-028.
Opportunity Awaits, don’t miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.
***Contact us today for a full Offering Memorandum (OM)***
Property Facts
| Price | $5,196,824 CAD | Apartment Style | Garden |
| Price Per Unit | $866,137 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.26% | Building Size | 5,448 SF |
| Gross Rent Multiplier | 12.84 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Apartment |
| Price | $5,196,824 CAD |
| Price Per Unit | $866,137 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 12.84 |
| 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 |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 0.92/1,000 SF |
Unit Amenities
- Tile Floors
- Hardwood Floors
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 - 625 |
| 2+2 | 2 | - | 1,600 |
Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 4282-032-028 | Improvements Assessment | $48,747 CAD |
| Land Assessment | $268,193 CAD | Total Assessment | $316,941 CAD |
PROPERTY TAXES
Parcel Number
4282-032-028
Land Assessment
$268,193 CAD
Improvements Assessment
$48,747 CAD
Total Assessment
$316,941 CAD
zoning
| Zoning Code | SMBCD* |
| SMBCD* |
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Perfect Santa Monica location | 1511 12th St
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