$3,400,000
1502 Maple Street, Santa Monica 90405
1
Bed
2
Baths
4,718
Square feet
12,561
Lot Size
10
# Of Units
Listing Agent
Adam Kanizo - Paloma Realty Partners, Inc.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.
Facts & Features
| MLS® # | 24376315 |
|---|---|
| Price | $3,400,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Square Footage | 4,718 |
| Lot Size | 12,561 |
| Year Built | 1939 |
| Type | Residential Income |
| Style | Bungalow |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 1502 Maple Street |
|---|---|
| Area | C14 - Santa Monica |
| City | Santa Monica |
| County | Los Angeles |
| Zip Code | 90405 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Driveway, Private |
| Garages | Driveway, Private |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Stories | One |
Additional Information
| Date Listed | April 4th, 2024 |
|---|---|
| Days on Market | 31 |
| Zoning | SMR2* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Adam Kanizo |
|---|---|
| Office | Paloma Realty Partners, Inc. |