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Multifamily

1502 Maple St

1502 Maple St, Santa Monica, CA 90405

Listing Price: $3,200,000

Cap Rate
3.80%
Number of Units
10
Occupancy
90.0%
Price/Unit
$320,000
Price/Gross SF
$652.66
Gross SF
4,903

Investment Overview

Marcus Millichap is pleased to present 1502 Maple Street, a 10-unit apartment building in Santa Monica. The bungalow style property is situated on a large lot of 12,557 square feet. The total building has 4,903 square feet, and has 8 one-bedroom units and 2 bachelor units. A few of the units have been partially upgraded over the years, but the entire property would benefit from a thorough interior and exterior renovation program. This is a true value-add opportunity in Santa Monica for the veteran or first time investor.

Investment Highlights

  • Value-Add Opportunity
  • First Time on Market in 30+ Years
  • Significant Upside in Rent
  • Excellent Santa Monica Location
  • All Tenants Paying, No Covid-19 Delays
  • Ample Street Parking

Exclusively Listed By

Financing By

Multifamily

1502 Maple St

Listing Price: $3,200,000

Cap Rate
3.80%
Number of Units
10
Occupancy
90.0%
Price/Unit
$320,000
Price/Gross SF
$652.66
Gross SF
4,903

Investment Highlights

  • Value-Add Opportunity
  • First Time on Market in 30+ Years
  • Significant Upside in Rent
  • Excellent Santa Monica Location
  • All Tenants Paying, No Covid-19 Delays
  • Ample Street Parking

Investment Overview

Marcus Millichap is pleased to present 1502 Maple Street, a 10-unit apartment building in Santa Monica. The bungalow style property is situated on a large lot of 12,557 square feet. The total building has 4,903 square feet, and has 8 one-bedroom units and 2 bachelor units. A few of the units have been partially upgraded over the years, but the entire property would benefit from a thorough interior and exterior renovation program. This is a true value-add opportunity in Santa Monica for the veteran or first time investor.

Exclusively Listed By

Financing By

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