1101 Euclid St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$2,575,000 USD
877-777-4771
1101 Euclid St, Santa Monica, CA for Sale
$2,575,000 USD
Apartments - FOR SALE
1/10
null | 5.41% Cap Rate

1101 Euclid St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • 5 Unit Multifamily in Prime Wilshire Montana, North of Wilshire Santa Monica
  • 100% Occupied with Stable Long Term Tenants and Annual Rent Increases
  • Rare Townhouse Style 2 Bed 2 Bath Units Plus 1 Bed and Studio Mix
  • 5 Enclosed Garage Parking Spaces, a Premium in Santa Monica
  • Corner Lot with Excellent Natural Light and Curb Appeal
  • Walk to Montana Avenue Shopping, Dining, Whole Foods, and Erewhon

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

5

PRICE/UNIT

$515,000

CAP RATE

5.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,996 SF

ZONING

SMR3YY

APN/PARCEL ID

4281-012-015

ASK ABOUT THIS PROPERTY

Gregory CamachoCamacho Commercial Real Estate ServicesMore Info
877-777-4771

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Gregory CamachoCamacho Commercial Real Estate ServicesMore Info
877-777-4771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.