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

Studio Baths0.0 Sq 4,718

Monthly Estimate*

^$ 23,750

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Studio

Multi-Family Home for sale in Santa Monica, CA

for $3,400,000. This 4,718 square foot home was built in 1939 on a lot size of 0.29.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.29

Year Built

1939

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0024376315

Features

General

Heating Wall Furnace

Possession Close of Escrow

Zoning SMR2*

Architectural Style Bungalow

Pool Features Private

Year Built 1939

Levels One

County Los Angeles

Net Operating Income 170433.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Santa Monica

Buyer Agent Compensation 2.00

View Y/N No

Senior Community Y/N No

MLS Area C14 - Santa Monica

Lot Size Square Feet 12561.0

Street Name Maple

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Refrigerator

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Street

Laundry Features Community

Total Baths 0

Exterior

Parking Features Driveway

Water Source None

Lot Size Area 12561.0

Foundation Details None

Building Area Total 4718.0

Lot Size Acres 0.29

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Adam Kanizo

Listing Agent

Paloma Realty Partners, Inc.

Broker

Affordability Calculator

$23,750

Per Month

Monthly Principal & Interest: $23,750
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% 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 ^$3,878,149

Percent of Sale Price 14%

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.

793437 Elementary School

793428 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 0.29. 1502 Maple Street is a studio with 0.0 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 7.49% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/12/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1502 Maple Street

Multi-Family Home for sale in Santa Monica, CA

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