NOT LISTED FOR SALE

1040 Euclid St Santa Monica, CA 90403

Wilshire Montana Neighborhood
2 Beds
2 Baths
10,878 Sq Ft
7,523 Sq Ft Lot

Last Sold July 13, 2016

Last sale price $5,526,000 $508 Per Sq Ft

3 Days on Market

Highlights

  • Laundry Room
  • Roosevelt Elementary School Rated A+
  • Central Heating

About This Home

As of July 2016

Fantastic investment opportunity located North of Wilshire in the heart of Santa Monica. This 11 unit building is steps from Wilshire Blvd and just minutes from the 3rd Street Promenade and beautiful Santa Monica beaches. Tenants enjoy short walking distances from multiple shops and desirable restaurants. The building features upgrades to several units. The building has an excellent unit mix of 2/2 bed 2 bath townhouse style units, 7/2 bed 2 bath units and 2/ 1bed 1bath units. All units feature patio/balcony areas and separate gas and electric meters. Other rare apartment features include kitchen pantry cabinets and walk in closet spaces. The unbeatable combination of an A+ location and unique unit design make this property an excellent long term investment.

Last Agent to Sell the Property

Gregory Roberts

Coldwell Banker Realty License #01376549 Listed on: 05/23/2016

Coldwell Banker Realty

Last Buyer's Agent

J.J. Wallack

Sold By License #01445924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,523 Sq Ft Lot
  • No Common Walls

Parking

  • 13 Car Garage

Home Design

  • 10,878 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot H
  • Assessor Parcel Number 4281018009

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,041
  • Insurance Expense $5,398
  • Maintenance Expense $16,398
  • Other Expense $685
  • Professional Management Expense $11,614
  • Trash Expense $2,872
  • Water Sewer Expense $8,720
  • New Taxes Expense $68,750
  • Gross Income $25,696
  • Net Operating Income $179,355

Additional Features

  • 11 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

13

Listing Details

  • CapRate: 3.26
  • Professional Management Expense: 11614.00
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 8720.00
  • Property Type: Residential Income
  • Parcel Number: 4281018009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 508.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Trash Expense: 2872.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7523.00
  • Price Per Lot Square Foot: 734.55

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1041.00
  • Gross Income: 25696.00
  • Gross Multiplier: 17.83
  • Gross Scheduled Income: 308348.00
  • Insurance Expense: 5398.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 16398.00
  • Net Operating Income: 179355.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 11
  • Operating Expense: 119780.00
  • Operating Expense Percent: 40.00
  • Other Expense: 685.00
  • Other Expense Description: Admin
  • Rent Control: Yes
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 68750.00
  • Tax Lot: H
  • Tax Tract Number: 0000

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2016 07/13/16 Sold $5,526,000 +0.5% $508 / Sq Ft
05/26/2016 05/26/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $5,499,999 -- $506 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gregory Roberts

    Seller's Agent in 2016

    Gregory Roberts

    Coldwell Banker Realty

    (310) 686-6119

    65 Total Sales

    Gregory Roberts
    Section Image

  • J

    Buyer's Agent in 2016

    J.J. Wallack

    Sold By

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16109703

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Santa Monica 90403 Wilshire Montana

1040 Euclid St, Santa Monica, CA

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