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1437 Euclid St

Santa Monica, CA 90404
  • $10,995,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 21-110519
UPDATED: 48 min ago
$10,995,000
  • 33
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,698
    SQFT
  • $748
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

A rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 & 1437 Euclid Street. The properties sit on an expansive 15,017 sq. ft. double lot, and consist of eleven (11) 1+1 units, nine (9) 2+1 units and two (2) 2+2 units. A sleek contemporary design elevates 7 out of the 22 units in which no expense was spared. The beautiful renovations include new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing, electrical fixtures, in-unit washer/dryer and top of the line stainless steel appliance packages. The two buildings are ideally located just south of Santa Monica Blvd, and less than 2 miles from the famed Santa Monica Pier, Third Street Promenade, Santa Monica Place Mall, and the popular Santa Monica Beaches. Enjoy the strongest rental upside in the Los Angeles market by increasing the rents significantly, upon future vacancies. These gem properties are a fantastic addition to any savvy investor's portfolio producing stable income for years to come.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T08:42:22.427. 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.brandiprattrealestate.com/homes/123823700
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1437 Euclid St Santa Monica, CA 90404

  • Price: $10,995,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 48 min ago
  • ID#: 21-110519
33
Beds
0
Baths
0
½ Baths
0.34
Acres
14,698
SQFT
$748
$/SQFT
1962
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
A rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 & 1437 Euclid Street. The properties sit on an expansive 15,017 sq. ft. double lot, and consist of eleven (11) 1+1 units, nine (9) 2+1 units and two (2) 2+2 units. A sleek contemporary design elevates 7 out of the 22 units in which no expense was spared. The beautiful renovations include new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing, electrical fixtures, in-unit washer/dryer and top of the line stainless steel appliance packages. The two buildings are ideally located just south of Santa Monica Blvd, and less than 2 miles from the famed Santa Monica Pier, Third Street Promenade, Santa Monica Place Mall, and the popular Santa Monica Beaches. Enjoy the strongest rental upside in the Los Angeles market by increasing the rents significantly, upon future vacancies. These gem properties are a fantastic addition to any savvy investor's portfolio producing stable income for years to come.
Exterior Features

Covered Parking 22 Cross Streets Santa Monica Blvd Lot Size Area 15017 Other Structures None Parking Garage Carport Attached Total Parking 22

Interior Features

Baths Total 24.00 Cooling Air ConditioningCeiling FanWall Unit(S) Equipment DishwasherGarbage DisposalHood FanMicrowaveCeiling Fan Heating Wall Laundry CommunityIn Unit

Property Features

Assessed Total Value 4396027 Gardener Expense 1200.00 Gross Income 538128 Gross Operating Income 521984 Insurance Expense 5879.00 Like Units1 11 Like Units2 9 Like Units3 2 Maintenance Expense 17600.00 Net Operating Income 329483.00 Number Of Buildings 2 Number Of Units 22 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 192501 Type Of Units Apartments Water Expense 14260.00 Year Built Source Vendor Enhanced Zoning Smr3*

Listing provided courtesy of Don Favia DRE#01841258 of Realty Investment Advisors, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T08:42:22.427. 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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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583