1502 Maple Street, Santa Monica CA, 90405

Sold

Closed

1502 Maple Street

Santa Monica CA, 90405

$3,155,000

$668.72 per sqft

Sold

Closed

10 Beds

10 Baths

4,718 sqft

Residential

Built in 1939

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

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.

24376315

MLSⓇ ID

April 4, 2024

Listed

October 18, 2024

Updated

Map

1502 Maple Street
Santa Monica CA, 90405

Interior Features

Total Stories: 1
Bedrooms: 10
Total Bathrooms: 10
Appliances: Refrigerator
Laundry Description: Common Area
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.29 Acres
Architectual Style: Bungalow

Other Property Details

Area Name: C14 - Santa Monica
Days on Market: 66
Garage: No
Parking: Driveway, Private
Parking Total: 4
View: No
View Description: None
County: Los Angeles
Pool: No
Zoning: SMR2*

Listing History

Date	Event	Price
6/24/2024	Sold	$3,155,000
6/13/2024	Pending	—

Listing Contact: 310-392-2436

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/18/2024 at 12:45 PM UTC