1402 Maple Street Santa Monica, CA 90405

0 Bedroom,

  • Residential Income
MLS: #SB18055043
$2,100,000
COMMENTS
We are proud to present this rare and unique Bungalow style triplex, in one of Southern California\'s most desirable communities, Ocean Park in Santa Monica. The property is located on a beautiful tree-lined street just off Ocean Park Blvd in a quiet neighborhood only a few blocks away from Main Street\'s top-rated nightlife and restaurants. Situated on a large 6, 320 sqft lot, the property is comprised of three separate bungalow style structures each with their own outdoor yards or patios. Each bungalow has hardwood flooring throughout and updated kitchens and bathrooms. 1406 (yellow) is a 2-bed 2-bath unit that has a private yard with a patio area that is perfect for entertaining. 1412 (green) is a two story 1-bed 1-bath bungalow with a 2 car garage and a 350 sqft bonus room with beautiful French doors that open to the private driveway on the first floor. This Bungalow will be DELIVERED VACANT. The three structures bring $9, 120/m in rental income making it a strong investment property in an area that has consistently low inventory. With one bungalow vacant this is the perfect owner/user opportunity that has been well kept and provides solid upside in rent potential and property appreciation value. CAP rate and GRM are calculated using current rent and proforma rent from vacant unit. Buyers and Buyer\'s Agents to verify rent control laws/restrictions and tenant relocation laws/restrictions. UNIT 1412 TO BE DELIVERED VACANT

Property Features

  • Price per Sqft: $894
  • Year Built: 1940
  • Lot Size: 6,320 SqFt
  • Garage Spaces: 2
  • Pool Description: None
  • Lot Features: Back Yard, Corner Lot, Front Yard, Treed Lot
  • Building Levels Description: Two
  • Dryer: 1
  • Parking Spaces: 4
  • County: Los Angeles
  • Area: C14 - Santa Monica
  • HOA Fee:
  • HOA Fee Includes: Sidewalks
  • Existing Rent: $9,270

Location

Directions: On the corner of 14th St & Maple St.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.
Based on information from California Regional Multiple Listing Service, Inc. 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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