First Team Real Estate Logo

Santa Monica, CA 90405 1502 Maple Street

$3,400,000

1502 Maple Street Santa Monica, Ca - Image 11502 Maple Street Santa Monica, Ca - Image 21502 Maple Street Santa Monica, Ca - Image 3
18 more
1502 Maple Street Santa Monica, Ca - Image 41502 Maple Street Santa Monica, Ca - Image 51502 Maple Street Santa Monica, Ca - Image 61502 Maple Street Santa Monica, Ca - Image 71502 Maple Street Santa Monica, Ca - Image 81502 Maple Street Santa Monica, Ca - Image 91502 Maple Street Santa Monica, Ca - Image 101502 Maple Street Santa Monica, Ca - Image 111502 Maple Street Santa Monica, Ca - Image 121502 Maple Street Santa Monica, Ca - Image 131502 Maple Street Santa Monica, Ca - Image 141502 Maple Street Santa Monica, Ca - Image 151502 Maple Street Santa Monica, Ca - Image 161502 Maple Street Santa Monica, Ca - Image 171502 Maple Street Santa Monica, Ca - Image 181502 Maple Street Santa Monica, Ca - Image 191502 Maple Street Santa Monica, Ca - Image 201502 Maple Street Santa Monica, Ca - Image 211502 Maple Street Santa Monica, Ca - Image 22
Presented By: Adam Kanizo with Paloma Realty Partners, Inc.;
  • MLS# 24376315
  • 04/04/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 10
  • FootageSQFT • 4,718

Home Details

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.
Presented By: Adam Kanizo with Paloma Realty Partners, Inc.;

Interior Features for 1502 Maple Street

Bedrooms

Total Bedrooms10

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths10

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories

General for 1502 Maple Street

Additional Parcels Y/NNo
AppliancesRefrigerator
Architectural StyleBungalow
Attached Garage No
Cap Rate5.0
Carport Y/NNo
CitySanta Monica
CoolingNone
CountyLos Angeles
Days on Market7
DirectionsMaple St and Ocean Park Blvd.
Garage Y/NNo
Gross Income216378.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet12561.0
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income170433.0
New ConstructionNo
Occupancy TypeTenant
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameMaple
Total Units10
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1939
ZoningSMR2*

Exterior for 1502 Maple Street

Building Area Total4718.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2884
Lot Size Area12561.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway, Private
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,400,000
MLS#24376315
List Date 04/04/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 1502 Maple Street

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors