1022 Euclid Street

    Santa Monica, CA 90403
    • $4,200,000
    • STATUS: Active
    • ON SITE: 101 days
    • ID#: 19444354
    UPDATED: 28 min ago
    $4,200,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,124
      SQFT
    • $517
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T19:36:33.78. 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.hellerthehomeseller.com/homes/92718406

    1022 Euclid Street Santa Monica, CA 90403

    • Price: $4,200,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 19444354
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,124
    SQFT
    $517
    $/SQFT
    1968
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property 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
    Exterior Features

    Garage Spaces 2.00 Lot Size Source Estimated Lot Size Units Square Feet Parking Features Covered Parking Total 2.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.15 Electric Expense 901.00 Fuel Expense 1854.00 Gross Multiplier 19.87 Gross Operating Income 206753.00 Improvements Amount 1326000 Insurance Expense 3656.00 Land Value 2499000 Laundry Income 1800.00 Laundry YN Yes Licenses Expense 2138.00 Maintenance Expense 3000.00 Net Operating Income 132305.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Other Expense 2000.00 Special Listing Conditions Standard Taxes Percent 1.25 Total Actual Rent 211348.00 Total Expenses 74449.00 Vacancy Allowance 6394 Vacancy Allowance Rate 3.00 Water Sewer Expense 7500.00 Zoning Smr2*

    Listing provided courtesy of Jonathan Nikfarjam of Shield Cre, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T19:36:33.78. 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.
     
    Heller The Home Seller | Keller Williams Realty
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    Encinitas CA, 92024