1022 Euclid St Santa Monica, CA 90403

$4,200,000
Santa Monica, CA   90403
0 Beds, 0.0 Baths, 0 sq ft, 7,494 sq ft lot, Built in 1968
1022 Euclid St, Santa Monica, CA 90403 Photo 0
1022 Euclid St, Santa Monica, CA 90403 Photo 1
1022 Euclid St, Santa Monica, CA 90403 Photo 2
1022 Euclid St, Santa Monica, CA 90403 Photo 3
1022 Euclid St, Santa Monica, CA 90403 Photo 4
1022 Euclid St, Santa Monica, CA 90403 Photo 5
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1022 Euclid St, Santa Monica, CA 90403 Photo 8
1022 Euclid St, Santa Monica, CA 90403 Photo 9
1022 Euclid St, Santa Monica, CA 90403 Photo 10
1022 Euclid St, Santa Monica, CA 90403 Photo 11
0 Beds,
0.0 Baths,
0 sq ft,
7,494 sq ft lot
Built in 1968

Description

MLS# 19444354

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 Listed by Jonathan Nikfarjam, Shield Cre, Inc..

Description

MLS# 19444354

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 Listed by Jonathan Nikfarjam, Shield Cre, Inc..

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 3
PARKING: Covered Parking
COOLING: See Remarks
LAUNDRY: See Remarks
Garage & Parking
PARKING SPACES: 2.00
GARAGE SPACES: 2.00
Community
UNITS TOTAL: 10
STORIES TOTAL: 3
Land
ZONE: SMR2*
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