1101 Euclid Street

Santa Monica, CA 90403

$2,799,000
Price
7
Beds
7
Baths
4,741 Sq. Ft.
$590 / Sq. Ft.
4,741
Sq. Ft.
$590
per Sq. Ft.

Description

Prime Investment Opportunity in Santa Monica, California A rare and exceptional opportunity presents itself with the sale of a charming five-unit apartment building ideally positioned at the prominent corner of Euclid and California in Santa Monica. Located in one of the most sought-after neighborhoods in the area, this property offers a mix of unit sizes in excellent condition, making it a lucrative investment for discerning buyers. Strategically located at the corner of Euclid and California in...Prime Investment Opportunity in Santa Monica, California A rare and exceptional opportunity presents itself with the sale of a charming five-unit apartment building ideally positioned at the prominent corner of Euclid and California in Santa Monica. Located in one of the most sought-after neighborhoods in the area, this property offers a mix of unit sizes in excellent condition, making it a lucrative investment for discerning buyers. Strategically located at the corner of Euclid and California in Santa Monica, California, a highly desirable and affluent area known for its upscale amenities, proximity to the beach, and vibrant community this is a trophy location. The property features a diverse range of unit sizes, catering to different tenant needs and maximizing rental potential. Each unit has been meticulously maintained over the years, showcasing a blend of modern conveniences and classic charm, ensuring a comfortable and appealing living space for residents. With its well-maintained exterior and impeccably landscaped surroundings, the building exudes curb appeal and adds to the overall value of the property. The prime location of the building offers convenient access to a plethora of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a vibrant and dynamic lifestyle. Strong rental demand in Santa Monica combined with the property's location ensures a steady stream of income for potential investors.- The building's excellent condition and well-maintained units minimize the need for immediate renovations or costly upgrades, saving time and resources for investors. Santa Monica's reputation as a highly desirable rental market with limited supply further enhances the investment potential of this property. Whether as a passive income generator or a long-term investment opportunity, this five-unit apartment building in Santa Monica offers a solid foundation for building wealth and securing financial stability. Don't miss out on this rare chance to acquire a well-positioned, carefully maintained property in one of Santa Monica's most coveted neighborhoods. Contact us today to schedule a viewing and explore this exceptional investment opportunity!
  1. Listed by John Barrentine • DRE #01207185 • Brokerage DRE #01458187 • Keller Williams Larchmont

Property Details for 1101 Euclid Street

Zoning
SMR2*
Parcel Number
4281012015
Total Units
5.0
Living Area
4741
Source Living Area
Appraiser
Area
Santa Monica (C14)
Vacancy Rate
5403
Lot Size Area
5002

Location

Listing Courtesy of Keller Williams Larchmont, John Barrentine, DRE #01207185
Add your commute
LISTING UPDATED: 05/07/2024 11:53 AM

Property Details for 1101 Euclid Street

StatusActive
MLS #24-373103
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.11 AC / 5,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Larchmont, John Barrentine, DRE #01207185
Add your commute

Building Information for 1101 Euclid Street

Stories2Residences-Year Built1948Building Size-Lot Size0.11 AC / 5,002 SF

Payment Calculator

$15,275 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,275

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1101 Euclid Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Appraiser
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multi-Family
Contract Info
Contract Info
  • Disclosures: Rent Control, Seller/Owner/Principal RE Licensed
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $180,102
  • Net Operating Income: $118,729.00
  • Gross Income: $180,102
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: $16.05
  • Actual Annual Gross Rent: $180,102.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 55970
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5002
  • Lot Size Dimensions: 100x50
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, On street
  • Total Parking: 0
  • Parking Features: Street
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Dryer, Washer, Garbage Disposal, Refrigerator, Dishwasher, Range/Oven
  • Common Walls: Attached
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-03-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,946.00
  • Unit Actual Rent: $1,946.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $2,797.00
  • Unit Actual Rent: $2,797.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $2,346.00
  • Unit Actual Rent: $2,346.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $4,720.00
  • Unit Actual Rent: $4,720.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $443,430.00
  • Assessed Improvement Percent: 33.94
  • Assessed Land Value: $863,188.00
  • Assessed Land Percent: 66.06
  • Assessed Total Value: $1,306,618.00

Property History for 1101 Euclid Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1101 Euclid Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1101 Euclid Street is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on April 3, 2024 by Keller Williams Larchmont, it's currently listed at $2,799,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 1101 Euclid Street is a 7-bed, 7-bath, 4,741 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, John Barrentine, DRE #01207185

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.