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Listing 2 out of 206
$4,200,000 For Sale

1022 Euclid Street
Santa Monica, CA 90403

16 beds | Residential Income
8,124 sq ft - MLS# 19444354
Property Photo
1/12

Description

A+ Santa Monica Location - North of Wilshire Boulevard -Approximately 1 Mile from Santa Monica Beach -Tremendous Value-Add Component - Over 86% in Rental Upside -7.37% Pro-Forma Cap Rate & 10.66 Pro-Forma GRM -Some of the Units Have Been Extensively Remodeled with New Quartz Countertops, Vinyl Plank Flooring, Stainless Steel Appliances, Recess Lighting, & Vanities & Tubs in Bathrooms -New Copper Plumbing, Drain Lines, & Double Pane Windows -Some Units with Elevated Dining Terrace/Office -Buyer to Assume Loan of $1,615,000 Fixed at 4.28% Interest Only (Until May 2023) -On-Site Laundry Facility & Covered Parking with Storage -Two Blocks from the Trendy Restaurants & Boutique Shops of Montana Avenue -Located in the Heart of Santa Monica within 2 Miles of 3rd Street Promenade & Santa Monica Pier -Santa Monica Employment Hub - Home to Prominent Entertainment & Technology Companies

Features

  • Property Type: Residential Income
  • Sub Type: Apartment Building
  • Listing Status: Active
  • County/Area: Los Angeles County
  • Zip Code: 90403
  • Year Built: 1968
  • Subdivision/Neighborhood: Santa Monica (C14)
  • Sq.Ft.: 8,124 sq ft
  • Stories: 3+-Story
  • Bedrooms: 16
  • Garage: 2-Car
  • # of Parking Spaces: 12
  • Zoning: SMR2*
  • Actual Annual Gross Rent: 213148.00
  • Actual Gross Annual Income: 213148.00
  • Actual Rent Total: 211348.00
  • Adjusted Gross Income: 213148.00
  • Agent License Number: 02081496
  • Cap Rate: 3.15
  • City Code: 10000054288
  • Covered Spaces Total: 12
  • Expense Electric: 901.00
  • Expense Gardener: 900.00
  • Expense Gas: 1854.00
  • Expense Insurance: 3656.00
  • Expense Licenses: 2138.00
  • Expense Maintenance: 3000.00
  • Expense Other: 2000.00
  • Expense Tax: 52500.00
  • Expense Total Annual: 74449.00
  • Expense Water: 7500.00
  • Gross Operating Income: 206753.00
  • Gross Rent Multiplier: 19.87
  • Laundry Income: 1800.0
  • Lot Size SQ FT: 7494
  • Lot Size Source: Estimated
  • Net Operating Income: 132305.00
  • Number Electric Meters: 10
  • Number Gas Meters: 10
  • Number Of Buildings: 1
  • Parking Features: Covered Parking
  • Paved: Yes
  • Square Footage Source: Estimated
  • Total Floors: 3
  • Total Garage Spaces: 2
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Partially
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 2082.00
  • Unit Monthly Rent02: 1504.00
  • Unit Monthly Rent03: 1569.00
  • Unit Number Of Bath01: 2.0
  • Unit Number Of Bath02: 1.5
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 2
  • Unit Number Of Bed03: 1
  • Units In Complex: 10
  • Water Heaters YN: Yes
Courtesy of Shield Cre, Inc., Jonathan Nikfarjam (CalBRE: 02081496)

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Tom Swanson
Exclusive Realty, Inc.
2945 Westwood Blvd
Los Angeles, CA 90064
Phone: 310-702-8559
Email: Tom@WestsideTom.com

Testimonials

Tom Swanson represented me in a very successful real estate purchase last year. Tom paid close attention to my property selection criteria and saved me a great deal of time by only sharing listings that met my criteria. Once we found the desired property, Tom moved quickly to submit my offer, facilitate removal of contingencies, negotiate terms and concessions, and ultimately close the deal for under asking price. I have referred Tom to several family and friends and have engaged him to assist me with the pursuit of my next real estate purchase mitchnahass
Tom is not only a leader to his agents and an amazing professional. He is the kind of person who changes the face of Real Estate by his kindness, his courtesy and his entrepreneurial spirit. He always finds time to make himself available when you need him. Anaik Levy
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