Santa Monica, CA 90403 1101 Euclid Street

1101 Euclid Street Santa Monica, CA - Image 11101 Euclid Street Santa Monica, CA - Image 21101 Euclid Street Santa Monica, CA - Image 3
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1101 Euclid Street Santa Monica, CA - Image 41101 Euclid Street Santa Monica, CA - Image 51101 Euclid Street Santa Monica, CA - Image 61101 Euclid Street Santa Monica, CA - Image 7
Presented By: Charles Marquardt with Keller Williams Larchmont;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24446741
  • 10/09/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 7
  • Baths • 7
  • SQFT • 4,741

Home 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!
Presented By: Charles Marquardt with Keller Williams Larchmont;

Interior Features for 1101 Euclid Street

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths7

Other Interior Features

LivingAreaSourceAppraiser
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 1101 Euclid Street

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate4.27
Carport Y/NNo
CitySanta Monica
CoolingWallWindowUnits
CountyLos Angeles
DirectionsOne block north of Wilshire.
DisclosuresPrincipalIsRealEstateLicensed, RentControl
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income180102.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5002.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income118729.0
New ConstructionNo
Number Of Units Total5
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1948
Year Built SourceAppraiser
ZoningSMR2*

Exterior for 1101 Euclid Street

Building Area Total4741.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions100x50
Lot Size Acres0.1148
Lot Size Area5002.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesOnStreet
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,649,000
MLS#24446741
List Date 10/09/2024
Property Type Multi-Family
Phone 714.742.6515
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