1518 Euclid Street

Santa Monica, CA 90404

$7,000,000
Price
38
Beds
40
Baths
20,276 Sq. Ft.
$345 / Sq. Ft.
20,276
Sq. Ft.
$345
per Sq. Ft.

Description

CBRE is pleased to exclusively offer for sale 1518-22 Euclid Street, First time on the market since the owner built the twenty-unit apartment complex in 1970. The property boasted a favorable unit mix of sixteen (16) two-bedroom two-bathroom units, two (2) three-bedroom two and a half-bathroom units, and two (2)one-bedroom and one bathroom units. 1518-22 Euclid Street is a prime investment opportunity for investors.1518-22 Euclid Street is a prime investment opportunity located in the highly sought-after...CBRE is pleased to exclusively offer for sale 1518-22 Euclid Street, First time on the market since the owner built the twenty-unit apartment complex in 1970. The property boasted a favorable unit mix of sixteen (16) two-bedroom two-bathroom units, two (2) three-bedroom two and a half-bathroom units, and two (2)one-bedroom and one bathroom units. 1518-22 Euclid Street is a prime investment opportunity for investors.1518-22 Euclid Street is a prime investment opportunity located in the highly sought-after market of Santa Monica. Situated less than a mile away from the iconic Santa Monica Pier and just minutes from the vibrant 3rd Street Promenade, this property offers convenience, lifestyle, and potential for strong returns. Just completed a complete re-roof that cost $100,000 and also recently installed a new water-main.
  1. Listed by John Boyett • DRE #02056759 • Brokerage DRE #00868409 • CBRE

Property Details for 1518 Euclid Street

Zoning
SMR3*
Parcel Number
4282032031
Total Units
20.0
Living Area
20276
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
3
Lot Size Area
14993

Location

Listing Courtesy of CBRE, John Boyett, DRE #02056759
Add your commute
LISTING UPDATED: 05/18/2024 12:01 AM

Property Details for 1518 Euclid Street

StatusActive
MLS #24-390411
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.34 AC / 14,993 SF
CountyLos Angeles County

Location

Listing Courtesy of CBRE, John Boyett, DRE #02056759
Add your commute

Building Information for 1518 Euclid Street

Stories-Residences-Year Built1970Building Size-Lot Size0.34 AC / 14,993 SF

Payment Calculator

$39,332 per month

30 year fixed, 7.25% Interest

Principal and Interest

$38,202

Property Taxes

$1,130

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1518 Euclid Street

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Dwelling
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: $499,139
  • Net Operating Income: $289,374.00
  • Gross Income: $506,844
  • Gross Rent Multiplier: $13.81
  • Total Annual Expense: 209765
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3442
  • Lot Size Square Feet: 14993
Parking Details
Parking Details
  • Parking Garage: Carport, Garage Is Attached, Subterranean
  • Total Parking: 0
  • Parking Features: Carport, Subterranean
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,574.00
  • Unit Actual Rent: $3,148.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,109.00
  • Unit Actual Rent: $33,737.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 16
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,676.00
  • Unit Actual Rent: $5,352.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $676,333.00
  • Assessed Improvement Percent: 77.53
  • Assessed Land Value: $196,040.00
  • Assessed Land Percent: 22.47
  • Assessed Total Value: $872,373.00

Property History for 1518 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 1518 Euclid Street

Taxable ValueLand$196,040Additions$676,333Total$872,373
Tax Record2023$13,562 ($1,130 / month)
Home Facts
Total Finished SqFt20,276 SqFtAbove Grade Finished SqFt20,276 SqFtLot Size14,989 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningSMR3*CountyLOS ANGELESAPN4282-032-031

Schools near 1518 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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1518 Euclid Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on May 10, 2024 by CBRE, it's currently listed at $7,000,000. 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. 1518 Euclid Street is a 38-bed, 40-bath, 20,276 sqft multi-family home built in 1970.

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 CBRE, John Boyett, DRE #02056759

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.