NOT LISTED FOR SALE

1502 Maple St Santa Monica, CA 90405

Sunset Park Neighborhood
10 Beds
10 Baths
4,718 Sq Ft
0.29 Acres

Last Sold June 18, 2024

Last sale price $3,155,000 $669 Per Sq Ft

67 Days on Market

Highlights

  • Bungalow
  • 1-Story Property
  • 4 Car Garage
  • Will Rogers Elementary Rated A

About This Home

As of June 2024

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.

Last Agent to Sell the Property

Adam Kanizo

Paloma Realty Partners, Inc. License #02008361 Listed on: 04/04/2024

Last Buyer's Agent

Alondra Ruiz

Coldwell Banker West License #01905688

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.29

Home Design

  • Bungalow

Interior Spaces

  • 4,718 Sq Ft Home
  • 1-Story Property
  • Oven or Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 4 Car Garage
  • Driveway

Additional Features

  • 0.29 Acre Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4284-026-021

Community Details

Overview

  • 2 Buildings
  • 10 Units

Additional Features

  • Laundry Facilities
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 4718
  • Lot Acreage: 0.2884
  • Year Built: 1939
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Laundry: Community, In Unit
  • Total Bathrooms: 10.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 720.64

Exterior Features

  • Other Structures: Other
  • View: No

Garage/Parking

  • Garage Structures: 2
  • Parking Garage: Driveway, Private Garage
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 933300
  • Assessed Land Percent: 70
  • Assessed Land Value: 2177700
  • Total Assessed Value: 3111000
  • Assessor Parcel Number: 4284-026-021
  • Lot Size Area: 12561

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.64
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 61753
  • Type Of Units: One Bedroom
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.20

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $3,155,000 -7.2% $669 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $3,400,000 +7.8% $721 / Sq Ft
04/04/2024 04/04/24 Off Market $3,155,000 -- --
07/11/2023 07/11/23 For Rent $2,700 0.0% --
04/15/2022 04/15/22 Sold $3,050,000 -4.7% $622 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
11/24/2021 11/24/21 For Sale $3,200,000 -- $653 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Kanizo

    Seller's Agent in 2024

    Adam Kanizo

    Paloma Realty Partners, Inc.

    (818) 292-1346

    1 in this area

    32 Total Sales

    Adam Kanizo
    Section Image
  • Alondra Ruiz

    Buyer's Agent in 2024

    Alondra Ruiz

    Coldwell Banker West

    (619) 729-8518

    1 in this area

    8 Total Sales

    Alondra Ruiz
    Section Image
  • Sevak Keshishian

    Seller's Agent in 2022

    Sevak Keshishian

    Marcus & Millichap

    (818) 212-2700

    2 in this area

    57 Total Sales

    Sevak Keshishian
    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Andy Iser

    Pinnacle Estate Properties, Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 24-376315

The MLS
California Los Angeles County Santa Monica 90405 Sunset Park

1502 Maple St, Santa Monica, CA

This home is located at 1502 Maple St, Santa Monica, CA 90405 since 04 April 2024. This property was built in 1939. 1502 Maple St is a home located in Los Angeles County with nearby schools including Will Rogers Elementary, John Adams Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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