1502 Maple Street Santa Monica, CA ^$ 3,400,000

1502 Maple Street

^$ 3,400,000

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1502 Maple Street

Santa Monica, CA, 90405

^$ 3,400,000

Bedrooms10 Baths10.0 Sq 4,718

Monthly Estimate*

^$ 22,597

Listed by Paloma Realty Partners, Inc.

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Multi-Family Home for sale in Santa Monica, CA

for $3,400,000 with 10 bedrooms and 10 full baths. This 4,718 square foot home was built in 1939 on a lot size of 0.2884.

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.

Multi-Family Active

Price

^$ 3,400,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.2884

Year Built

1939

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24376315

Days on Market

Features

General

Heating WallFurnace

Cooling None

Possession CloseOfEscrow

Appliances Refrigerator

Zoning SMR2*

Architectural Style Bungalow

Year Built 1939

View None

Stories 1

Levels One

Gross Income 216378.0

County Los Angeles

Net Operating Income 170433.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Maple St and Ocean Park Blvd.

City Santa Monica

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C14 - Santa Monica

Lot Size Square Feet 12561.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Maple

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 7

Standard Status Active

Occupancy Type Tenant

Cap Rate 5.0

Exterior

Parking Features Driveway Private

Total Parking 4.0

Lot Size Area 12561.0

Number of Buildings 2

Spa N

Building Area Total 4718.0

Lot Size Acres 0.2884

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Laundry Features CommonArea

Total Bedrooms 10

Electric On Property Y/N N

Total Baths 10

Internal Only

Street Number 1 1502

* Excluded Features

List By

Paloma Realty Partners, Inc.

Broker

(818) 292-1346

Phone

Affordability Calculator

$22,597

Per Month

Monthly Principal & Interest: $22,597
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$3,835,607

Percent of Sale Price 13%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$3,400,000		Listed Price

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1502 Maple Street, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $3,400,000 with 4,718 sqft and a lot size of 0.2884. 1502 Maple Street has 10 bedrooms, 10.0 baths, and was built in 1939. The property's zip code is 90405 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/23/2024. 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.

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1502 Maple Street

Multi-Family Home for sale in Santa Monica, CA

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