$5,450,000 Price Analysis   ♡   Santa Monica, CA 90404 22 bed 17 bath 10,384 SqFt ($524/SqFt) 7,494SqFt lot. Built 1968 Listed 2024-04-24, Taxes $67,897 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
We are proud to present 1311 Euclid Street
A 11 unit multifamily property in Santa Monica, CA. Built in 1968, this 10, 384 square foot property sits on a 0.17 acre lot and it boasts a strong unit mix of three 1 bed/1 bath, two 2 bed/1 bath, two 2 bed/2 bath and three 3 bed/2 bath units. The subject property resides less than one and a half miles from the beaches of Santa Monica and hubs for shopping, entertainment, restaurants and nightlife for beach city locals. The property offers ample carport parking at the rear alley and side of the building. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, cable ready, storage spaces, laundry facilities, stainless steel appliances, controlled access, walk-in closets, patios and balconies. The property is also being offered with an attractive assumable loan with a $2, 550, 000 remaining balance at a 4.56% interest rate fixed through 2027.
This offers lower overall costs to a buyer in our current higher-rate environment. The City of Santa Monica has undergone a remarkable transformation in recent years, emerging as a thriving hub for technology companies and attracting a wave of young, skilled professionals seeking dynamic job opportunities. With its vibrant ecosystem of startups, established tech giants and a supportive community, Sa nta Monica has become a magnet for innovation, driving economic growth and reshaping the city's landscape.One of the driving forces behind Santa Monica's tech boom is its strategic location within the broader tech-rich region of Silicon Beach. This proximity to renowned institutons like the University of California, Los Angeles (UCLA) and a host of venture capital firms has created an environment ripe for collaboration and investment. Tech companies of all sizes, from nimble startups to industry titans, have recognized the advantages of setting up shop in Santa Monica, leading to the establishment of a diverse and dynamic tech scene that will help sustain the city's continued growth.
Presented by Filip Niculete at
Marcus & Millichap.
Property MLS #24-383995 from TheMLSCLAW
Full Bathrooms: 17
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7494
Calculated Total Monthly Association Fees: 0
Number of Units: 11
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 9450, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 7100, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 11100, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 12300
County: Los Angeles
Cap Rate: 5.06
Directions: Euclid & Arizona
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4282-015-023
Zoning: SMR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,072,201 + $4,567,580 $5,639,781 | $67,897 |
| 2021 | $1,051,178 + $4,478,020 $5,529,198 | $66,262 |
| 2020 | $1,040,400 + $4,432,104 $5,472,504 | $65,816 |
| 2019 | $1,020,000 + $4,345,200 $5,365,200 | $65,183 |
| 2018 | $744,793 + $258,155 $1,002,948 | $13,150 |
| 2017 | $730,190 + $253,094 $983,284 | $13,041 |
| 2016 | $715,873 + $248,132 $964,005 | $12,521 |
| 2015 | $705,120 + $244,405 $949,525 | $12,365 |
| 2014 | $691,308 + $239,618 $930,926 | $12,277 |
| 2013 | $688,184 + $238,536 $926,720 | $12,210 |
| 2012 | $674,691 + $233,859 $908,550 | $11,932 |
| 2010 | $661,462 + $229,274 $890,736 | $11,634 |
| 2009 | $658,079 + $228,102 $886,181 | $11,390 |
| 2009 | $656,519 + $227,561 $884,080 | $11,390 |
| 2008 | $645,176 + $223,630 $868,806 | $11,157 |
| 2007 | $632,526 + $219,246 $851,772 | $10,976 |
$5,450,000
TheMLSCLAW
Listing removed 2024-01-02
$0
TheMLSCLAW
Price Changed 2023-12-12
$5,595,000
TheMLSCLAW
Price Changed 2023-04-17
$5,670,000
TheMLSCLAW
Price Changed 2023-02-10
$5,895,000
TheMLSCLAW
Price Changed 2022-11-03
$5,995,000
TheMLSCLAW
Price Changed 2022-07-28
$6,050,000
TheMLSCLAW
Price Changed 2022-05-04
$6,175,000
TheMLSCLAW
Listed 2022-02-28
$6,300,000
TheMLSCLAW
Listing removed 2022-02-26
$0
TheMLSCLAW
Price Changed 2021-10-25
$5,900,000
TheMLSCLAW
Listing removed 2021-06-15
$0
AppfolioUnits
Price Changed for rent 2021-05-24
$3,800
AppfolioUnits
Listed for rent 2021-05-15
$4,095
AppfolioUnits
Listing removed 2021-04-20
$0
AppfolioUnits
Price Changed for rent 2021-04-11
$3,500
AppfolioUnits
Listed for rent 2021-03-29
$4,368
AppfolioUnits
Listing removed 2021-03-09
$0
AppfolioUnits
Listed for rent 2021-02-20
$3,295
AppfolioUnits
Listed 2021-02-08
$7,650,000
TheMLSCLAW
Listing removed 2020-10-29
$0
AppfolioUnits
Listing removed 2020-10-25
$0
AppfolioUnits
Price Changed for rent 2020-10-02
$2,990
AppfolioUnits
Price Changed for rent 2020-09-21
$3,050
AppfolioUnits
Price Changed for rent 2020-09-21
$2,750
AppfolioUnits
Price Changed for rent 2020-09-12
$2,895
AppfolioUnits
Price Changed for rent 2020-09-04
$3,195
AppfolioUnits
Listing removed 2020-09-02
$0
TheMLSCLAW
Price Changed for rent 2020-08-21
$2,900
AppfolioUnits
Price Changed for rent 2020-07-27
$3,295
AppfolioUnits
Listed for rent 2020-07-27
$3,095
AppfolioUnits
Listed for rent 2020-07-17
$3,275
AppfolioUnits
Listing removed 2020-07-17
$0
AppfolioUnits
Price Changed for rent 2020-07-16
$3,275
AppfolioUnits
Listed for rent 2020-07-02
$3,295
AppfolioUnits
Listing removed 2020-06-30
$0
AppfolioUnits
Price Changed for rent 2020-06-20
$3,295
AppfolioUnits
Listed for rent 2020-06-01
$3,300
AppfolioUnits
Listed 2020-03-02
$6,550,000
TheMLSCLAW
Sold 2018-02-23
$5,260,000
Public Record
Listing removed 2016-06-03
$3,125
RadPad
Listed for rent 2016-05-20
$3,125
RadPad
Listing removed 2016-05-18
$3,125
RadPad
Price Changed for rent 2016-05-15
$3,125
RadPad
Price Changed for rent 2016-04-23
$3,175
RadPad
Price Changed for rent 2016-04-20
$3,200
RadPad
Price Changed for rent 2016-04-15
$3,250
RadPad
Price Changed for rent 2016-04-09
$3,295
RadPad
Price Changed for rent 2016-04-03
$3,350
RadPad
Price Changed for rent 2016-04-02
$3,395
RadPad
Price Changed for rent 2016-04-01
$3,400
RadPad
Price Changed for rent 2016-03-30
$3,450
RadPad
Listed for rent 2016-03-26
$3,495
RadPad
Year Built: 1968
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 56
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.