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1433 EUCLID ST Street
Santa Monica, CA 90404


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Property Remarks

We are proud to present a rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 & 1437 Euclid Street. The properties sit on an expansive 15,017 sq ft double lot, and consists of eighteen (18) 1+1 units, two (2) 2+1 units and two (2) 2+2 units. Centered in a prime location within Santa Monica just south of Santa Monica Blvd, and less than 2 miles from the attractions of the Santa Monica Pier, Third Street Promenade, Santa Monica Place, and bright sandy Santa Monica Beaches. Current owner has recently upgraded the laundry room in addition to being in process of upgrading the electrical systems! Enjoy the strongest rental upside in the Los Angeles market by increasing rents significantly upon future vacancies. These gems will surely be the high point in any investor's portfolio producing stable income for years to come!

Property Details

MLS#
17229028
Days on Market
46
Year Built
1962
Stories
2
Building/Living Area (sq ft)
14,698
Source of SqFt
Seller
Source of Lot Size
Landlord/Lessor/Seller

Location

State
CA
County
Los Angeles
Area
Santa Monica (C14)

Presented By:

Listing provided courtesy of Benjamin J. Hsiang , Remax Commercial and Investment Realty


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Other
Equip/Appliances
Garbage Disposal
Laundry
Laundry Area
Individual Room

Additional Property Details

Number of Units
22
Parking Spaces
22
Number of Buildings
2
Gross Operating Income
$377,631
Total Expense
$172,395
ADA Compliance
No

AC/Cooling
Air Conditioning
Other
Heating
Other
Parking
Assigned
Carport Attached
Other

Santa Monica

Santa Monica represents the epitome of the Southern California beach lifestyle. This seaside location has been featured so frequently in movies and television shows that it may seem instantly familiar. Like nearby Venice, Santa Monica’s resort appeal stretches back over a century. Beachside chic combines glamorous shopping, a thriving downtown, and the energy of the many entrepreneurs who have launched startups in the area.

Real Estate:  Santa Monica’s real estate is as varied as its citizenry. There are a variety of homes for sale, from beachy bungalows to new construction luxury homes. Condominiums are also available and there are many multi-unit apartment complexes with units for both sale and rent.

Community Life:  The Santa Monica lifestyle is a mix of laidback beach style with a side of Los Angeles hustle. Outdoor living is the order of the day whether it is biking along the strand, strolling along Montana Avenue or taking an outdoor fitness class in the park while enjoying an ocean view.

Santa Monica doesn’t just have one farmers’ market it has four separate farmers’ market events spread throughout the city.

Third Street Promenade has just about every major shopping brand, all located within a few blocks, along with many restaurants and bars.  What can’t be found at the Promenade can be found at Santa Monica Place, an open-air mall renovated several years ago.

Those in need of a fitness challenge can brave the Santa Monica Stairs, which are well known for providing a great cardiovascular workout.

Education: The city is served by the Santa Monica-Malibu Unified School District. Local schools include Roosevelt Elementary School, McKinley Elementary School, Grant Elementary School, John Adams Middle School, and Santa Monica High School. Crossroads School for Arts and Sciences offers a college-preparatory experience for elementary school through high school. Other local private schools include Carlthorp, New Roads, and Saint Monica’s Catholic High School.

Transportation:  Accessed by the 10 Freeway and Pacific Coast Highway, Santa Monica is also highly bikeable and has received honors for being bike friendly. The Big Blue Bus runs several routes throughout the city and the city is also served by L.A. Metro.

Local Attractions: The Santa Monica Pier is a popular draw for tourists and the lighted Ferris wheel can be seen for miles away at night. The Museum of Flying at Santa Monica Airport is an airy structure with planes and exhibits that chronicle the history of flight.  For beachside fun with a slice of nostalgia, check out the Annenberg Community House, built on the location of the demolished 110-room summer home built by William Randolph Hearst.

Community Explorer

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