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1311 Euclid St

Santa Monica, CA 90404
  • $5,900,000
  • STATUS: Active
  • ON SITE: 260 Days
  • ID#: 21-689880
Price Reduced
UPDATED: 82 min ago
$5,900,000
  • 17
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,384
    SQFT
  • $568
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:
Area:

School Ratings & Info

Description

1311 Euclid Street is part of "The Queens Necklace Portfolio," a 3-building, class-A asset group of apartment buildings located in Malibu and Santa Monica. 1311 Euclid Street offers a new investor a clean, 11-unit apartment building in a prime location of Santa Monica, just south of Wilshire. These 11 units boast an incredible unit mix of 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. The units have been remodeled to the nines with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. The building has gated and secured entry and parking. It's fully occupied, so no showings without an accepted offer. Please do not disturb the tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T19:43:55.527. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.randyplaice.com/homes/114037718
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1311 Euclid St Santa Monica, CA 90404

  • Price: $5,900,000
  • Status: Active
  • Updated: 82 min ago
  • ID#: 21-689880
17
Beds
0
Baths
0
½ Baths
0.17
Acres
10,384
SQFT
$568
$/SQFT
1968
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
1311 Euclid Street is part of "The Queens Necklace Portfolio," a 3-building, class-A asset group of apartment buildings located in Malibu and Santa Monica. 1311 Euclid Street offers a new investor a clean, 11-unit apartment building in a prime location of Santa Monica, just south of Wilshire. These 11 units boast an incredible unit mix of 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. The units have been remodeled to the nines with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. The building has gated and secured entry and parking. It's fully occupied, so no showings without an accepted offer. Please do not disturb the tenants.
Exterior Features

Lot Size Area 7492 Other Structures None Parking Garage Gated Pool Description None Pool YN No Total Parking 11

Interior Features

Baths Total 17.00 Cooling Window Unit(S) Equipment WasherDryer Heating Wall Gas Laundry Equipment Own

Property Features

Assessed Total Value 983284 Gross Income 378276 Gross Operating Income 378276 Like Units1 3 Like Units2 2 Like Units3 3 Like Units4 3 Net Operating Income 221457.00 Number Of Buildings 1 Number Of Units 11 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 145471 Type Of Units 2+23+2 Year Built Source Vendor Enhanced Zoning Smr3*

Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T19:43:55.527. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Randy Plaice and Associates | RE/MAX Gateway
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Valencia CA, 91355