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$3,155,000

  • Sold
  • Closed
  • Multi-Family
  • 10 Total Beds
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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.

Full Property Details for 1502 Maple St

General

  • Sold For: $3,155,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 24-376315
  • Added to Site: 688 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 10

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: Community, In Unit

Additional Information

  • Other Features: Other

Parking

  • Garage Description: Driveway, Private Garage

Location

  • Area: Santa Monica
  • County: Los Angeles
  • Driving Directions: Maple St and Ocean Park Blvd.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall

Structural Information

  • # Buildings: 2
  • Architectural Style: Bungalow
  • Common Walls: Attached
  • Stories/Levels: 0
  • Square Feet: 4,718
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1939
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 10
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1

Additional Structures

  • Other Structures: Other

Lot Features

  • Lot Size (Acres): 0.2884
  • Lot Size: 12561
  • Lot Size Source: Vendor Enhanced
  • Zoning: SMR2*

Financial Considerations

  • Price Per Sq. Ft.: $720.64
  • Assessment Year: 1939

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 4284-026-021

Listed by Paloma Realty Partners, Inc., Adam Kanizo
Sold by Coldwell Banker West, Alondra Ruiz

Listing agent

— 1502 Maple St —

  • Adam Kanizo

    Paloma Realty Partners, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1502 Maple St

School District:Santa Monica-Malibu Unified School District
NameGradesDistance
Will Rogers Elementary School, Santa Monica, CA
2401 14th Street, Santa Monica, CA 90405
K-50.1 mi
John Adams Middle School, Santa Monica, CA
2425 16th Street, Santa Monica, CA 90405
6-80.1 mi
Santa Monica High School
601 Pico Boulevard, Santa Monica, CA 90405
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1502 Maple St

Date
Details
Price
Change
Source
6/18/2024
Sold
$3,155,000
-7.21%
MLS
4/04/2024
Listed
$3,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Paloma Realty Partners, Inc., Adam Kanizo
Sold by Coldwell Banker West, Alondra Ruiz

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1502 Maple St, Santa Monica, CA 90405 (MLS# 24-376315) is a Multi-Family property that was sold at $3,155,000 on June 18, 2024. Want to learn more about 1502 Maple St? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.