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1502 Maple St

Santa Monica, CA 90405
  • $3,200,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 21-107753
UPDATED: 82 min ago
$3,200,000
  • 8
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,903
    SQFT
  • $653
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:
Area:

School Ratings & Info

Description

We are pleased to present 1502 Maple Street, a 10-unit apartment building in Santa Monica. The bungalow style property is situated on a large lot of 12,557 square feet. The total building has 4,718 square feet, and has 8 one-bedroom units and 2 bachelor units. A few of the units have been partially upgraded over the years, but the entire property would benefit from a thorough interior and exterior renovation program. This is a true value-add opportunity in Santa Monica for the veteran or first time investor.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/123556250
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1502 Maple St Santa Monica, CA 90405

  • Price: $3,200,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 82 min ago
  • MLS #: 21-107753
8
Beds
0
Baths
0
½ Baths
0.29
Acres
4,903
SQFT
$653
$/SQFT
1939
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
We are pleased to present 1502 Maple Street, a 10-unit apartment building in Santa Monica. The bungalow style property is situated on a large lot of 12,557 square feet. The total building has 4,718 square feet, and has 8 one-bedroom units and 2 bachelor units. A few of the units have been partially upgraded over the years, but the entire property would benefit from a thorough interior and exterior renovation program. This is a true value-add opportunity in Santa Monica for the veteran or first time investor.
Exterior Features

Garage Structures Total 4 Lot Size Area 12557 Other Structures Other Parking Garage UncoveredGarage - 1 Car Total Parking 4 View Description Courtyard View YN Yes

Interior Features

Baths Total 10.00 Cooling Air ConditioningWall/WindowWindow Unit(S) Equipment DryerWasher Heating Wall Laundry CommunityIn Unit

Property Features

Assessed Total Value 601275 Gross Income 174023 Gross Operating Income 189502 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 121723.00 Number Of Buildings 2 Number Of Units 10 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 67779 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210