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Property Type:Residential Income (Multi-Family)
On Site:155 Days
Lot Size:7,500 Sq. Ft.
Prime location property consisting of two separate adjacent parcels, a duplex, and a fourplex. Buyer may be able to obtain two loans on the two properties each as high as 70% LTV (loan to value ratio). All units are completely renovated, copper plumbing, updated electrical, fireplaces, hardwood floors, washer/dryer in all units, tiled kitchen & bathrooms. Two 2bd/2bth town houses, each 1,600 S.F. offer the perfect owner user opportunity.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:1511 12th St Santa Monica, CA 90401
Area:C14 - Santa Monica
Number of Buildings: 2
Total Units: 6
Stories Total: 2
Unit 8: 2 Units•2 Beds•2 Baths•Unfurnished•$4,500 actual rent•$9,000 total rent•$9,000 pro forma
Unit 13: 4 Units•1 Bed•1 Bath•Unfurnished•$2,178 actual rent•$8,714 total rent•$10,000 pro forma
Parking Features: Covered, Driveway
Features / Amenities
Appliances: Dishwasher, Microwave
Security Features: Gated Community
Lot Size: 0.17 Acres / 7,500 Sq. Ft.
Lot Dimensions:50 x 150
Directions:The property is conveniently located off-Broadway & 12th Street. Just a few blocks from 3rd Street Promenade and Santa Monica Beach.
Tax and Financial Info
Gross Income: $220,368
Net Operating Income: $155,456
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Listing provided courtesy of Jacob Plewa, Keller Williams Beverly Hills.
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.