1101 Euclid Street , Santa Monica, CA - 90403 is For Sale

  • 24373103
  • 24373103
  • 24373103
  • 24373103
  • 24373103
  • 24373103
$2,799,000· Income property

Description

**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!

Features

MLS#: 24373103
List Price : $2,799,000
Total Units : 5
CAP rate : $4.11
Gross Operating Income : $180,102
Net Operating Income : $118,729
Sq M : 465 M2
Year Built : 1948
Days on market : 44 Days
Gross taxes : N/A
Address : 1101 Euclid Street
City : Santa Monica
State : CA
Zip Code : 90403
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Refrigerator
Stories : 2
Laundry : Washer Included, Dryer Included
Parking Features : Street
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $2,799,000
Acres : 0.1148
Lot Dimensions : 100x50
Lot Size (Acres) : 0.1148
Heating : Forced Air
Parking Features : Street
Cooling : Wall/Window Unit(s)
Driving Directions : One block north of Wilshire.
 
Courtesy of : John Barrentine , Keller Williams Larchmont

Location

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