1502 Maple Street | Los Angeles | State of California | Prices, Plans, Availability

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1502 Maple Street

USD 3,400,000

Property ID: 24376315

1502 Maple Street ,90405

12561 SqFt

Built in 1939

USD 271/SqFt

10 Beds

10 Full

Location Street View

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

4718

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1939

Detailed Introduction Of This Home

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.

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