Los Angeles, Residential Income – 1433 Euclid St, Santa Monica, CA 90404, USA -001-11-30T00:00:00-08:00
We are proud to present a rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 and 1437 Euclid Street. The properties sit on an expansive 15,017 sq.ft double lot, and consists of eighteen (1
1433 Euclid St, Santa Monica, CA 90404, USA
$9,300,000 USD
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Address1433 Euclid Street, Santa Monica
Price$9,300,000
Year Built1962
Bedrooms Total0
Living Area14,698
Lot Size (Sq.Ft.)15,017
Listing ID17229028
StatusActive
Parcel Number4282022018
ZoningSMR3
Special ConditionsStandard
Days on Market17

Detailed Description: We are proud to present a rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 and 1437 Euclid Street. The properties sit on an expansive 15,017 sq.ft double lot, and consists of eighteen (18) 1 + 1 units, two (2) 2 + 1 units and two (2) 2 + 2 units. Centered in a prime location within Santa Monica just south of Santa Monica Blvd, and less than 2 miles from the attractions of the Santa Monica Pier, Third Street Promenade, Santa Monica Place, and bright sandy Santa Monica Beaches. Current owner has recently upgraded the laundry room in addition to being in process of upgrading the electrical systems! Enjoy the strongest rental upside in the Los Angeles market by increasing rents significantly upon future vacancies. These gems will surely be the high point in any investor’s portfolio producing stable income for years to come!

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Laundry
Parking
Appliances

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Address Information
Address1433 Euclid Street, Santa Monica
Street SuffixStreet
CitySanta Monica
Location (MLS Area)C14 – Santa Monica
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code90404
Financial Information
Price per Square Foot$632.74
Price per Lot Square Foot$619.30
Special ConditionsStandard
Total Expenses$172,395
Professional Management Expense$13,626
Licenses Expense$3,849
Insurance Expense$5,879
Electric Expense$3,462
Water Sewer Expense$14,260
Maintenance Expense$17,519
Other Expense$1,000
Gross Operating Income$377,631
Net Operating Income$205,236
Total Actual Rent$32,443
Gross Multiplier23.89%
Improvements Amount$193,832
Land Value$89,441
Tax Year2000
Full Descriptions
Parcel Number4282022018
Detailed DescriptionWe are proud to present a rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 and 1437 Euclid Street. The properties sit on an expansive 15,017 sq.ft double lot, and consists of eighteen (18) 1 + 1 units, two (2) 2 + 1 units and two (2) 2 + 2 units. Centered in a prime location within Santa Monica just south of Santa Monica Blvd, and less than 2 miles from the attractions of the Santa Monica Pier, Third Street Promenade, Santa Monica Place, and bright sandy Santa Monica Beaches. Current owner has recently upgraded the laundry room in addition to being in process of upgrading the electrical systems! Enjoy the strongest rental upside in the Los Angeles market by increasing rents significantly upon future vacancies. These gems will surely be the high point in any investor’s portfolio producing stable income for years to come!
Lot FeaturesSprinklers None
Laundry FeaturesArea, Individual Room, See Remarks
Cooling DescriptionSee Remarks
Appliances DescriptionGarbage Disposal
Parking FeaturesAssigned, Carport Attached, Other
Property parameters
Year Built1962
Living Area (Sq.Ft.)14,698
Lot Size (Sq.Ft.)15,017
Number of Buildings2
Number of Units Total22
ZoningSMR3
Stories Total2
Units Total22
Cap Rate (For Cash Payment Only)2.21
Listed withBenjamin J. Hsiang (Remax Commercial And Investmen)