1502 Maple Street, Santa Monica, CA 90405
Property · 2 recorded sales since 2022
Sold June 2024
Listing Agent: Adam Kanizo (DRE #02008361) · Listing Office: Paloma Realty Partners, Inc. · Contact: 310-392-2436 · Bought with: Alondra Ruiz · Coldwell Banker West · MLS #24376315 · Source: CRMLS
About this property
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.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history
