1311 Euclid St
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1311 Euclid St
11 Unit Apartment Building $4,995,000 ($454,091/Unit) 5.62% Cap Rate Santa Monica, CA 90404
Investment Highlights
- Highly Desirable Unit Mix of mostly 3-Bedroom and 2-Bedroom Units with (3) 1+1
- Seismic Retrofitting Completed
- Extensively Remodeled Units with High-End Finishes
- Semi-Subterranean Parking Underneath
- Prime Santa Monica
Executive Summary
1311 Euclid Street offers a new investor a clean 11-unit apartment building in a prime location of Santa Monica. These 11 units boast an incredible unit mix of 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. Many units have been extensively remodeled with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. The building is fully occupied, so no showings without an accepted offer.
• 11 units
• (3) 3+2 , (3) 2+2, (2) 2+1, (3) 1+1
• Extensively Remodeled Units
• Units #1, 4, 5, and 7 include Washer/Dryer
• 21 Parking Spots (9 Tandem + 3 Single Spots)
• 11 units
• (3) 3+2 , (3) 2+2, (2) 2+1, (3) 1+1
• Extensively Remodeled Units
• Units #1, 4, 5, and 7 include Washer/Dryer
• 21 Parking Spots (9 Tandem + 3 Single Spots)
Property Facts
| Price | $4,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $454,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.62% | Building Size | 10,384 SF |
| Gross Rent Multiplier | 12.39 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Price | $4,995,000 |
| Price Per Unit | $454,091 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,384 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.06/1,000 SF |
Unit Amenities
- Balcony
- Washer/Dryer
- Stainless Steel Appliances
Site Amenities
- Controlled Access
- Laundry Facilities
- Laundry Service
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Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 4282-015-023 | Improvements Assessment | $1,115,517 |
| Land Assessment | $4,752,109 | Total Assessment | $5,867,626 |
PROPERTY TAXES
Parcel Number
4282-015-023
Land Assessment
$4,752,109
Improvements Assessment
$1,115,517
Total Assessment
$5,867,626
zoning
| Zoning Code | SMR2* |
| SMR2* |
-
Chase Simonton -
RE/MAX One Commercial
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1311 Euclid St
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