1101 Euclid St is a 5 unit multifamily apartment building for sale in the Wilshire Montana neighborhood of Santa Monica, one of the most sought after rental submarkets on the Westside of Los Angeles. Located North of Wilshire and steps from Montana Avenue shopping and dining, this corner lot Santa Monica apartment building offers a rare combination of unit mix, parking, and in place cash flow in a 90403 zip code where 5 unit buildings seldom trade.
The property was built in 1948 and features two 2 bedroom 2 bath townhouse style units, two 1 bedroom 1 bath units, and one studio, plus five enclosed garage parking spaces. The building is 100% occupied with a stable, long term tenant base and annual rent increases each September. Current gross scheduled income is approximately $186,000 with an in place cap rate near 5.4%, above the Wilshire Montana submarket median. Several units are rented well below market, giving a buyer significant rent upside and long term value add potential as units turn under Santa Monica rent control.
Ideal for a 1031 exchange buyer, private investor, or owner user seeking a well located Santa Monica investment property with strong fundamentals. The location offers walkability to Montana Avenue, Whole Foods, Erewhon, Palisades Park, the beach, and downtown Santa Monica, with quick access to Wilshire Blvd, Lincoln Blvd, PCH, and the 10 Freeway. Tenants benefit from Santa Monica schools, low crime, and coastal climate, keeping vacancy minimal and demand consistent.
Highlights include corner lot with excellent natural light, townhouse style layouts uncommon for the area, enclosed garages, 100% occupancy, below market rents with embedded upside, and a highly desirable North of Wilshire location. Offering memorandum, rent roll, and financials available upon request. Contact Camacho Commercial Real Estate Services for details or to schedule a tour.