1101 Euclid St Santa Monica, CA 90403
Active
$2,699,000
5 Units
7 Beds
7 Baths
4,741 Area(sq.ft.)
5,002 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | Yes | $ 1,946 | $ 1,946 | $ 2,550 |
| Unit 2 | 1 | 1 | 1 | Yes | $ 3,000 | $ 3,000 | $ 3,000 |
| Unit 3 | 1 | 1 | 1 | Yes | $ 3,100 | $ 3,100 | $ 3,100 |
| Unit 4 | 1 | 2 | 1.50 | Yes | $ 2,346 | $ 2,346 | $ 3,400 |
| Unit 5 | 1 | 3 | 2 | Yes | $ 4,720 | $ 4,720 | $ 5,000 |
| 5 | 5 | 7 | 7 | $ 15,112 | $ 15,112 | $ 17,050 |
| MLS #: | 24-446741 |
| Days On Market: | 65 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 569 |
| Price per unit: | $ 539,800 |
| Year Built: | 1948 |
Property Details
**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!Interested in this Listing?
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Income Details
| Vacancy Rate: | 5403% |
| Gross Operating Income: | $ 180,102 |
| Total Annual Expense: | $ 55,970 |
| Net Operating Income: | $ 118,729 |
| Gross Annual Income: | $ 180,102 |
| Cap Rate: | 4.27% |
| Gross Rent Multiplier: | 15.53 |
| Actual Gross Rent: | $ 180,102 |
Structure
| Type of Units: | Multi-Family |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage - 4+ Car, On street |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Dishwasher, Dryer, Range/Oven, Refrigerator, Washer |
| Heating: | Forced Air |
Exterior
Detailed Map
Schools
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Income
