Listed by Chase Simonton with RE/MAX One

1311 EUCLID Street

Santa Monica, CA, 90404

$5,895,000

$567 per ft²
$5,895,000
$567 per ft²
Active
Active
 - For Sale
beds
17 Beds
baths
17 Baths
carpenters-square
10,384 ft²
property_type
Multi-family
calendar
Built 1968
Price Reduced! 1311 Euclid Street is a beautifully renovated 11-unit apartment building in Prime Santa Monica, just south of Wilshire. Boasting an incredible unit mix of large 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. Almost every unit has been extensively remodeled with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. On top of the building's clean condition, the pricing metrics are the some of the most attractive of any multi-family property in Santa Monica: 14.54 GRM, 4.48% cap rate, $535,909 per unit, and $567.33 per square foot. And there is still 20% upside in rents. The building is fully occupied, so please do not disturb the tenants. Contact listing agent for a detailed OM. Loan Amount - $2,669,420 Interest Rate - 4.56% I/O
MLS® ID:
22131659
Listed:
2/27/22
Updated:
3/21/23
Compass
Compass Coastal Group
Mobile: 203.685.2348Email: cindy.lyon@compass.com

Interior Features

Total Bedrooms
17
Total Bathrooms
17
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
7,492 ft² lot

Other Property Details

Area Name
C14 - Santa Monica
Garage
No
Parking
None
Parking Total
11.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
SMR3*
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
3/24/22
Active Under Contract
-
-
4/4/22
Active
-
-
5/4/22
Price Change
$6,175,000
-1%
7/28/22
Price Change
$6,050,000
-2%
9/7/22
Active Under Contract
-
-
9/12/22
Active
-
-
11/3/22
Price Change
$5,995,000
0%
11/28/22
Active Under Contract
-
-
11/28/22
Active
-
-
12/19/22
Active
-
-
12/13/22
Active Under Contract
-
-
2/10/23
Price Change
$5,895,000
-1%

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/21/23. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/21/23 at 8:26 AM UTC

Compass
Compass Coastal Group
Mobile: 203.685.2348Email: cindy.lyon@compass.com
Contact