MLS® ID: 18335260
1516 MAPLE Street
Santa Monica, California, 90405 $2,149,000
Pride-of-ownership Sunset Park triplex w/3 separate cottages located on quiet tree lined st. Blks from cafes & shops, within about a mile from beach. These unique detached cottages are filled w/natural light & share gated prvt courtyard in a peaceful setting. Upgrades: hrdwd flrs, remodeled kit & baths, generous use of skylights, vaulted ceilings, crown mouldings, vintage details & patio areas for each cottage. Two rented cottages (2b/2ba rented @ $3,607/mth and 2b/1ba+bonus room rented @ $3,580/mth) have upside potential. One unit is vacant (2b/2ba + bonus rm/3rd bd w/$4,000/mth projected rent) so a new owner can start at market or move in! Every detail has been carefully executed. Light & bright shared laundry rm. Courtyard features mature trees & professionally designed drought tolerant landscaping. CAP rate based on current rents + projected rent for vacant unit is: 4.7%! With superior rents & high-quality tenant choices available, this is an outstanding investment opportunity.