653 Marine Street, Santa Monica
$3,500,000 - 5 Beds, 5 Baths, 3,094 SfMLS® # 24385307
Dennis Wong Sunshine Realty
1502 Maple Street, Santa Monica
$3,400,000
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1 Bed
2 Baths
4,718 Sqft
.29 Acre
0 Garage
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.
Essential Information
- MLS® #
- 24376315
- Price
- $3,400,000
- Bedrooms
- 1
- Bathrooms
- 2.00
- Square Footage
- 4,718
- Acres
- 0.29
- Year Built
- 1939
- Type
- Residential Income
- Style
- Bungalow
- Status
- Active
Community Information
- Address
- 1502 Maple Street
- Area
- C14 - Santa Monica
- City
- Santa Monica
- County
- Los Angeles
- Zip Code
- 90405
- Senior Community
- N
Amenities
- Parking Spaces
- 4
- Parking
- Driveway, Private
- Garages
- Driveway, Private
- View
- None
Interior
- Appliances
- Refrigerator
- Heating
- Wall Furnace
- Cooling
- None
- Stories
- One
Additional Information
- Date Listed
- April 4th, 2024
- Days on Market
- 42
- Zoning
- SMR2*
Listing Details
- Agent
- Adam Kanizo
- Office
- Paloma Realty Partners, Inc.
LISTING MAP
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Buyer's Agent
Listing Agent
Adam Kanizo - Paloma Realty Partners, Inc.Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 12:10am PDT. 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.