Thank you
Filip Niculete
Marcus & Millichap
818-212-2700
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.
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Total Bedrooms : 22
Total Baths: 17
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Microwave,Refrigerator,Dryer,Washer
Year Built: 1968
Building Area Total: 10,384
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.172
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7494
Original List Price: 5,450,000
Listing Contract Date: 2024-04-24
Listing Agreement: Seller Reserved
Parcel Number: 4282015023
Garage Description: Covered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Directions: Euclid & Arizona
Zoning: SMR3*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 56
Year Built Source: Vendor Enhanced
Total Square Feet Living: 10384
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1447 18th Street, Santa Monica, CA,90404 | $3,250,000 | -- | -- | -- | 7503 Sqft |
1925 19th Street, Santa Monica, CA,90404 | $1,895,000 | 5 | 2 | 2,178 | 8006 Sqft |
1815 10th Street, Santa Monica, CA,90404 | $3,095,000 | 11 | -- | 5,355 | 9076 Sqft |
1912 Broadway #108, Santa Monica, CA,90404 | $575,000 | 1 | 1 | 722 | 15011 Sqft |
1823 20th Street #103, Santa Monica, CA,90404 | $1,199,000 | 2 | 2 | 1,359 | 6081 Sqft |
1534 17th Street #205, Santa Monica, CA,90404 | $1,695,000 | 1 | 2 | 1,321 | 15004 Sqft |
1427 S 17th Street, Santa Monica, CA,90404 | $4,150,000 | 8 | -- | 3,950 | 7495 Sqft |
1411 Cloverfield Boulev.., Santa Monica, CA,90404 | $3,450,000 | 5 | -- | 4,011 | 4098 Sqft |
1949 17th Street, Santa Monica, CA,90404 | $3,200,000 | -- | -- | -- | 7749 Sqft |
1311 Centinela Avenue #3, Santa Monica, CA,90404 | $1,499,000 | 2 | 3 | 1,662 | 11966 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 10:38
MLS: 24383995
LISTED BY: Filip Niculete, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 1%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.