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.
Additional Features
- Wall Furnace
- One
- None
- Parking spaces: 4.00
- Listing Status: Active
- Listing Agent: Adam Kanizo
(lic# 02008361)
of Beverly Hills/Greater LA
- Listing Office: Paloma Realty Partners, Inc.
(lic# 02050984)
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Based on information from CRISNet MLS as of 2nd May 2024 at 7:36am. 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.
