1511 12th St

Two separate adjacent parcels (Parcel #4282-032-027 & 4282-032-028) consist of a duplex and fourplex, total 6-units.

Buyer may be able to obtain two loans as high as 80% of price. Completely renovated, copper plumbing, updated electrical, fire places, hardwood floors, washers & dryers in all units, tiled kitchen and bathrooms. Prime Santa Monica, close to shops and restaurants on 3rd St promenade. The front lot consists of a duplex (2-2BR/2BA townhomes. 1,600 S.F. each are suitable for owner to occupy), the rear lot consists of a fourplex (4-1BR, 1BA units). 13.7 x Gross; 5.3% Cap with existing rents; 12.1 x Gross and 6.2% Cap with rents at market. Value-Add: Plans are available to convert the garages to a 2BR/2BA ADU.

This home located at 1511 12th St is currently active and has been available on pardeeproperties.com for 8 days. This property is listed at $3,500,000. It has 8 beds and 8 bathrooms. The property was built in 1958. 1511 12th St is in the Santa Monica community of County.

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