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1311 Euclid St, Santa Monica, CA 90404
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1311 Euclid St Santa Monica, CA 90404

$5,450,000
  • 22 Beds
  • 17 Baths
  • 10,384 Sq.Ft.
For Sale
$5,450,000 Get Pre-Qualified
Map preview of 1311 Euclid St, Santa Monica, CA 90404

Property Overview: 1311 Euclid St Santa Monica, CA has 22 bedrooms, 17 bathrooms, 10,384 living square feet and 7,494 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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, Santa 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 institutions 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.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Co-listed by Glen Scher | BRE #01962976 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 0
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Home details

Lot Sq. Ft
7,494
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24383995
City
Santa Monica
County
Los Angeles
Time on Site
10 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,474
  • Total Rent: $7,421
  • Pro Forma/Market Rent: $9,450
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,024
  • Total Rent: $6,048
  • Pro Forma/Market Rent: $7,100
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,113
  • Total Rent: $9,338
  • Pro Forma/Market Rent: $11,100
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,603
  • Total Rent: $10,810
  • Pro Forma/Market Rent: $12,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: 13.11
  • Gross Scheduled Income: --
  • Net Operating Income: $275,805
  • Gross Operating Income: $391,305
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1311 Euclid St

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Property Details for 1311 Euclid St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 11
  • Parcel Number: 4282015023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Euclid & Arizona
View more facts & features

Local Santa Monica Agent

Sale History for 1311 Euclid St

Last sold for $5,260,000 on February 23rd, 2018

  • April, 2024

  • Apr 24, 2024

    Date

    Active

    CRMLS: 24383995

    $5,450,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 22131659

    $5,595,000

    Price

  • Feb 28, 2022

    Date

    Active

    CRMLS: 22131659

    $6,300,000

    Price

  • Listing provided courtesy of CRMLS

    1311 Euclid Street is a beautifully renovated 11-unit apartment building in Prime Santa Monica, just south of Wilshire. Boasting an incredible unit mix of large 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. Almost every unit has been extensively remodeled with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. On top of the building's clean condition, the price metrics the most attractive of any multi-family property in Santa Monica: 13.84 GRM, 4.65% cap rate, $508,636/ unit, and $538.81/SF. There is still 20% upside remaining in the rents. There is also an optional loan that can be assumed: $2,660,000 at a fixed rate of 4.56% until 2025. The loan is not due in full until 2048. The building is fully occupied, so please do not disturb the tenants. For a detailed OM please email the listing agents.

  • February, 2021

  • Feb 8, 2021

    Date

    Active

    CRMLS: 21689880

    $7,650,000

    Price

  • Listing provided courtesy of CRMLS

    1311 Euclid Street of "The Queens Necklace Portfolio," is now available to be purchased separately!! 1311 Euclid Street offers a new investor a clean, 11-unit apartment building in a prime location of Santa Monica, just south of Wilshire. These 11 units boast an incredible unit mix of 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. The units have been remodeled to the nines with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. The building has gated and secured entry and parking. It's fully occupied, so no showings without an accepted offer. Please do not disturb the tenants.

  • September, 2020

  • Sep 1, 2020

    Date

    Expired

    CRMLS: 20559628

    $6,550,000

    Price

  • Mar 2, 2020

    Date

    Active

    CRMLS: 20559628

    $6,550,000

    Price

  • Listing provided courtesy of CRMLS

    1311 Euclid Street offers a new investor a clean 11-unit apartment building in a prime location of Santa Monica. These 11 units boast an incredible unit mix of 3-bedrooms, mostly 2-bedrooms, and 1-bedroom units. Almost every unit has been remodeled with modern flooring and fixtures, waterfall quartz counter tops, and beautiful accent wall designs and kitchen lighting. The building is fully occupied, so no showings without an accepted offer. PLEASE DO NOT DISTURB THE TENANTS!

  • February, 2018

  • Feb 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $5,260,000

    Price

Show More

Tax History for 1311 Euclid St

Assessed Value (2020): $5,472,504
Year Land Value Improved Value Assessed Value
2020 $4,432,104 $1,040,400 $5,472,504

Home Value Compared to the Market

This property vs the competition

1311 Euclid St is listed 150.11% higher than the median list price for the city of Santa Monica which has a median list price of $2,179,000. The median price per/sqft for Santa Monica is $1,206 and this home is listed at $524.85 per/sqft which puts the price per square foot 56.48% lower than the median price per square foot for the city of Santa Monica.

About 1311 Euclid St

Detailed summary of property

1311 Euclid St is a multi family located in Santa Monica, CA 90404 and is currently for sale. This multi family property offers 22 bedrooms, 17 bathrooms, roughly 10,384 living square feet, and sits on an approximately 7,494 square foot lot. 1311 Euclid St was first listed on ArdentRealEstateGroup.com on April 24, 2024. The homeowner is currently asking $5,450,000. The median priced home in Santa Monica is $2,179,000 with a median price per square foot of $1,206. Based on Ardent Real Estate Group's Santa Monica Market Data, this home is listed 150.11% higher than the median priced home. Local competing homes currently for sale include 7113-7107 La Tijera Blvd, 650 S La Jolla Ave and 955 N Croft Ave. There are currently 239 homes for sale in the Santa Monica real estate market and 94 of them are single family homes while 105 of them are condos and 40 are townhomes. For more information on this home for sale at 1311 Euclid St Santa Monica, CA 90404 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Monica agents.

Public Facts for 1311 Euclid St

Public county record property details
Beds
17
Baths
17
Year built
1968
Sq. Ft.
10,384
Lot Size
7,492
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
V
APN
4282-015-023

The source for these homes facts are from public records.

90404 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,249,000
Median List Price/Sq.Ft.
$890
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
27
Median Sale to List Price %
98.08%
Avg Days on Market
111
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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