1022 Euclid Street

    Santa Monica, CA 90403
    • $4,350,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 18405646
    UPDATED: 30 min ago
    $4,350,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,124
      SQFT
    • $535
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    1022 Euclid Street is located in in the heart of Santa Monica is north of Wilshire Boulevard and south of Montana Avenue, immediately west of 14th Street. Prominently located in one of the most expensive residential areas in Los Angeles with near impossible barriers to entry, 1022 Euclid Street offers an investor the unique opportunity to own an excellent piece of real estate in one of the healthiest and most coveted rental submarkets in the Southern California.1022 Euclid Street is a two-story, 10 unit multifamily property, constructed in 1968, with a total building size of ++G++G+-8,124 square feet, on a ++G++G+-7,495 square foot lot. The beautifully maintained, neatly landscaped property has seen capital improvements including new windows, new copper plumbing, and new drain lines. The property is separately metered for gas and electric, is serviced by a central water heater, and offers an on-site laundry facility, and a total 12 parking spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-16T19:36:21.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/89262602

    1022 Euclid Street Santa Monica, CA 90403

    • Price: $4,350,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 18405646
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,124
    SQFT
    $535
    $/SQFT
    1968
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    1022 Euclid Street is located in in the heart of Santa Monica is north of Wilshire Boulevard and south of Montana Avenue, immediately west of 14th Street. Prominently located in one of the most expensive residential areas in Los Angeles with near impossible barriers to entry, 1022 Euclid Street offers an investor the unique opportunity to own an excellent piece of real estate in one of the healthiest and most coveted rental submarkets in the Southern California.1022 Euclid Street is a two-story, 10 unit multifamily property, constructed in 1968, with a total building size of ++G++G+-8,124 square feet, on a ++G++G+-7,495 square foot lot. The beautifully maintained, neatly landscaped property has seen capital improvements including new windows, new copper plumbing, and new drain lines. The property is separately metered for gas and electric, is serviced by a central water heater, and offers an on-site laundry facility, and a total 12 parking spaces.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportGarage Parking YN Yes

    Interior Features

    Appliances Garbage DisposalRefrigeratorDishwasher Appliances YN Yes Laundry Features See Remarks

    Property Features

    Electric Expense 901.00 Fuel Expense 1854.00 Gross Multiplier 20.85 Gross Operating Income 210388.00 Insurance Expense 4160.00 Laundry Income 1800.00 Laundry YN Yes Licenses Expense 2138.00 Maintenance Expense 6500.00 Net Operating Income 116766.00 Pest Control Expense 480.00 Professional Management Expense 10204.00 Special Listing Conditions Standard Supplies Expense 2000.00 Total Expenses 87310.00 Water Sewer Expense 7500.00 Zoning Smr2*

    Listing provided courtesy of Priscilla Nee of Cb Richard Ellis, Inc. and James Brechlin of Cb Richard Ellis, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-16T19:36:21.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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