1311 Euclid Street

Santa Monica, CA 90404

$5,450,000
Price
22
Beds
17
Baths
10,384 Sq. Ft.
$525 / Sq. Ft.
10,384
Sq. Ft.
$525
per Sq. Ft.

Description

We are proud to present 1311 Euclid Street, a 11 unit multifamily property in Santa Monica, CA. Built in 1968, this 10,384 square foot property sits on a 0.17 acre lot and it boasts a strong unit mix of three 1 bed/1 bath, two 2 bed/1 bath, two 2 bed/2 bath, and three 3 bed/2 bath units. The subject property resides less than one and a half miles from the beaches of Santa Monica and hubs for shopping, entertainment, restaurants, and nightlife for beach city locals. The property offers ample carport...We are proud to present 1311 Euclid Street, a 11 unit multifamily property in Santa Monica, CA. Built in 1968, this 10,384 square foot property sits on a 0.17 acre lot and it boasts a strong unit mix of three 1 bed/1 bath, two 2 bed/1 bath, two 2 bed/2 bath, and three 3 bed/2 bath units. The subject property resides less than one and a half miles from the beaches of Santa Monica and hubs for shopping, entertainment, restaurants, and nightlife for beach city locals. The property offers ample carport parking at the rear alley and side of the building. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, cable ready, storage spaces, laundry facilities, stainless steel appliances, controlled access, walk-in closets, patios and balconies. The property is also being offered with an attractive assumable loan with a $2,550,000 remaining balance at a 4.56% interest rate fixed through 2027. This offers lower overall costs to a buyer in our current higher-rate environment. The City of Santa Monica has undergone a remarkable transformation in recent years, emerging as a thriving hub for technology companies and attracting a wave of young, skilled professionals seeking dynamic job opportunities. With its vibrant ecosystem of startups, established tech giants, and a supportive community, Santa Monica has become a magnet for innovation, driving economic growth and reshaping the city's landscape. One of the driving forces behind Santa Monica's tech boom is its strategic location within the broader tech-rich region of Silicon Beach. This proximity to renowned institutions like the University of California, Los Angeles (UCLA) and a host of venture capital firms has created an environment ripe for collaboration and investment. Tech companies of all sizes, from nimble startups to industry titans, have recognized the advantages of setting up shop in Santa Monica, leading to the establishment of a diverse and dynamic tech scene that will help sustain the city's continued growth.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1311 Euclid Street

Zoning
SMR3*
Parcel Number
4282015023
Total Units
11.0
Living Area
10384
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
3%
Lot Size Area
7494

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 05/02/2024 12:01 AM

Property Details for 1311 Euclid Street

StatusActive
MLS #24-383995
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.17 AC / 7,494 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 1311 Euclid Street

Stories-Residences-Year Built1968Building Size-Lot Size0.17 AC / 7,494 SF

Payment Calculator

$35,469 per month

30 year fixed, 7.25% Interest

Principal and Interest

$29,743

Property Taxes

$5,726

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1311 Euclid Street

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $391,305
  • Net Operating Income: $275,805.00
  • Gross Income: $403,407
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: $13.11
  • Total Annual Expense: 127809
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.172
  • Lot Size Square Feet: 7494
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 0
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other, Range/Oven, Refrigerator, Washer, Microwave, Dishwasher, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-24-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,474.00
  • Unit Actual Rent: $7,421.00
  • Unit Projected Rent: $9,450.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,024.00
  • Unit Actual Rent: $6,048.00
  • Unit Projected Rent: $7,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,113.00
  • Unit Actual Rent: $9,338.00
  • Unit Projected Rent: $11,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,603.00
  • Unit Actual Rent: $10,810.00
  • Unit Projected Rent: $12,300.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,093,645.00
  • Assessed Improvement Percent: 19.01
  • Assessed Land Value: $4,658,931.00
  • Assessed Land Percent: 80.99
  • Assessed Total Value: $5,752,576.00

Property History for 1311 Euclid Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1311 Euclid Street

Taxable ValueLand$4,658,931Additions$1,093,645Total$5,752,576
Tax Record2023$68,709 ($5,726 / month)
Home Facts
Total Finished SqFt10,384 SqFtAbove Grade Finished SqFt10,384 SqFtLot Size7,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningSMR3*CountyLOS ANGELESAPN4282-015-023

Schools near 1311 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
McKinley 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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1311 Euclid Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on April 24, 2024 by Marcus & Millichap, it's currently listed at $5,450,000. It has been on the market for a total of 12 days and was last sold on February 7, 2018. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1311 Euclid Street is a 22-bed, 17-bath, 10,384 sqft multi-family home built in 1968.

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 Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

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.