1511 12th Street, Santa Monica, CA 90401

5 of 6 units units vacated by June 1, 2024! 5.58% Cap when 100% Occupied, 13.22 GRM. Priced to sell. Income based on market rents. Front duplex plus rear 4-plex, sold together, two separate parcels. The front duplex is comprised of 2 side-by-side 2+2 1,600 SF townhouses with w/d in unit, fireplaces and private patios – Seller will deliver these units vacant. The rear fourplex comprises four units, each 1+1. Two units are 500 square feet, while the other two are slightly larger at 625 square feet. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Both townhouses (Units #1 & #2) and one 1+1 (Unit A) are currently vacant. Units 1 & 2 will remain vacant for the new Buyer. Unit A has a tenant signing to move in at $2,795 and Unit B & D have given notice to be vacant on June 1. Parking is provided with four garages and one carport on-site. All 4 garages and the carport are rented separately for extra income, all are vacant at the moment (owner was occupying but has now moved). ADU Plans are underway to convert the garages into an additional unit. Street parking is ample. Garages rent for $295/month and carport $195/month, all are currently vacant. An owner user could get a 30 year fixed mortgage with 20% down. Gate is locked. Please drive by only, do not disturb tenants.