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1311 Euclid St

Santa Monica, CA 90404
  • $6,050,000
  • STATUS: Active
  • ON SITE: 164 Days
  • ID#: 22-131659
UPDATED: 114 min ago
$6,050,000
  • 17
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,384
    SQFT
  • $583
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:
Area:

School Ratings & Info

Description

1311 Euclid Street is a beautifully renovated 11-unit apartment building in Prime Santa Monica, just south of Wilshire. Boasting an incredible unit mix of large 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. Almost every unit has been extensively remodeled with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. On top of the building's clean condition, the pricing metrics are the some of the most attractive of any multi-family property in Santa Monica: 15.26 GRM, $550,000 unit and $582.63/SF. And there is still 20% upside in rents. The building is fully occupied, so please do not disturb the tenants. Contact listing agent for a detailed OM.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-12T12:43:44.463. 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.
www.trulinerealty.com/homes/126201647
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1311 Euclid St Santa Monica, CA 90404

  • Price: $6,050,000
  • Status: Active
  • On Site: 164 Days
  • Updated: 114 min ago
  • ID#: 22-131659
17
Beds
0
Baths
0
½ Baths
0.17
Acres
10,384
SQFT
$583
$/SQFT
1968
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
1311 Euclid Street is a beautifully renovated 11-unit apartment building in Prime Santa Monica, just south of Wilshire. Boasting an incredible unit mix of large 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. Almost every unit has been extensively remodeled with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. On top of the building's clean condition, the pricing metrics are the some of the most attractive of any multi-family property in Santa Monica: 15.26 GRM, $550,000 unit and $582.63/SF. And there is still 20% upside in rents. The building is fully occupied, so please do not disturb the tenants. Contact listing agent for a detailed OM.
Exterior Features

Lot Size Area 7492 Other Structures None Parking Garage None Total Parking 11

Interior Features

Baths Total 17.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 5529198 Gross Income 393063 Gross Operating Income 393063 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 247816.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 133455 Type Of Units 3+22+2 Year Built Source Vendor Enhanced Zoning Smr3*

Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-12T12:43:44.463. 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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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064