1502 Maple St, Santa Monica CA, 90405

Active

1502 Maple St

Santa Monica CA, 90405

$3,400,000

$720.64 per sqft

Active

10 Beds

10 Baths

4,718 sqft

Residential

Built in 1939

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.

24-376315

MLSⓇ ID

April 4, 2024

Listed

May 9, 2024

Updated

Map

1502 Maple St
Santa Monica CA, 90405

Interior Features

Total Stories: 0
Bedrooms: 10
Total Bathrooms: 10
Appliances: Range/Oven, Refrigerator
Laundry Description: Community, In Unit
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall

Exterior/Building Features

Lot Size: 0.29 Acres
Architectual Style: Bungalow

Other Property Details

Area Name: Santa Monica
Days on Market: 7
Garage: Yes
Parking: Driveway, Private Garage
Parking Total: 4
View: No
View Description: None
County: Los Angeles
Pool: No
Zoning: SMR2*

Listed by Adam Kanizo with Paloma Realty Partners, Inc.
Listing Contact: 818-292-1346

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 5/9/2024