821 Maple Street, Santa Monica, CA 90405

  • $2,095,000
  • $537
821 Maple Street, Santa Monica, CA 90405
  • Residential Income
  • Property Type
  • 8
  • Bedrooms
  • 6
  • Bathrooms
  • 3904.00
  • 1950
  • Year Built
For Sale
821 Maple Street, Santa Monica, CA 90405
  • $2,095,000
  • $537

Overview

Property ID: SGR-33921091
  • Residential Income
  • Property Type
  • 8
  • Bedrooms
  • 6
  • Bathrooms
  • 3904.00
  • 1950
  • Year Built

Description

Discover an excellent investment opportunity with this remarkable property, featuring six cash-flowing units with a solid 5.1% cap rate and a per-unit cost of under $350,000. Three of the six units have already been renovated to meet modern living standards, complete with in-unit washer/dryers, ensuring higher rental demand and tenant satisfaction. The other three units offer considerable upside potential, with an aggregate 40% increase in rent achievable for the property, providing an excellent opportunity for the new owner to boost returns.The smart layout offers two spacious upstairs units, each with two bedrooms and one bathroom, complemented by expansive balconies perfect for enjoying warm Santa Monica evenings. Meanwhile, the four downstairs units feature one-bedroom layouts, ideal for singles or couples, providing a versatile mix of living options. All units are currently leased, guaranteeing immediate cash flow, and the property includes six on-site surface parking spaces, a rare find in this area, adding both convenience and desirability.Located less than one mile from sun-kissed beaches, the world-famous Main Street, Rose Avenue, and Santa Monica College, this property offers residents an unparalleled coastal lifestyle in one of the most desirable neighborhoods in Santa Monica. The area is known for its vibrant community, trendy dining, boutique shopping, and cultural attractions, which consistently drive demand for quality rental housing. Additionally, this property is situated in a rapidly appreciating neighborhood, offering significant long-term upside potential for investors.In such a competitive market where multi-unit properties are scarce and tend to sell quickly, this is a golden opportunity to expand your portfolio or enter the market with a high-performing, cash-flowing asset in a fantastic location. With the potential for rent increases and property appreciation, coupled with possible tax benefits associated with owning investment real estate, this property represents a smart and strategic investment. Don’t miss out on this chance to secure a valuable asset with considerable upside potential.

  • Address 821 Maple Street
  • City Santa Monica
  • State/county CA
  • Zip/Postal Code 90405
  • Area C14 - Santa Monica
  • Country United States

Details

Updated on September 14, 2024 at 8:09 am
  • Property ID: SGR-33921091
  • Price: $2,095,000
  • Property Size: 3904.00 m²
  • Land Area: 6471.00 m²
  • Bedrooms: 8
  • Bathrooms: 6
  • Year Built: 1950
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 3904.00
  • MLS#: 24436183
  • Office Name: GLOBAL PLATINUM PROPERTIES, INC.
  • Agent Name: Armin Soleimani
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: Global Platinum Properties, Inc.
  • Co-Agent Name: Julio Ruiz
  • Agent State License: 01846872
  • Co-Agent State License: 01911261

Additional details

  • Heating: Wall Furnace
  • County: Los Angeles
  • Parking: 0.00
  • Water Source: Public

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