$2,649,000
$50K PRICE DROP

Estimated payment $17,476/month

Total Views 8,459
7 Beds
7 Baths
4,741 Sq Ft
$559 Price per Sq Ft

About This Home

**Prime Investment Opportunity in Santa Monica, California** A rare and exceptional opportunity presents itself with the sale of a charming five-unit apartment building ideally positioned at the prominent corner of Euclid and California in Santa Monica. Located in one of the most sought-after neighborhoods in the area, this property offers a mix of unit sizes in excellent condition, making it a lucrative investment for discerning buyers. Strategically located at the corner of Euclid and California in Santa Monica, California, a highly desirable and affluent area known for its upscale amenities, proximity to the beach, and vibrant community this is a trophy location. The property features a diverse range of unit sizes, catering to different tenant needs and maximizing rental potential. Each unit has been meticulously maintained over the years, showcasing a blend of modern conveniences and classic charm, ensuring a comfortable and appealing living space for residents. With its well-maintained exterior and impeccably landscaped surroundings, the building exudes curb appeal and adds to the overall value of the property. The prime location of the building offers convenient access to a plethora of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a vibrant and dynamic lifestyle. Strong rental demand in Santa Monica combined with the property's location ensures a steady stream of income for potential investors.- The building's excellent condition and well-maintained units minimize the need for immediate renovations or costly upgrades, saving time and resources for investors. Santa Monica's reputation as a highly desirable rental market with limited supply further enhances the investment potential of this property. Whether as a passive income generator or a long-term investment opportunity, this five-unit apartment building in Santa Monica offers a solid foundation for building wealth and securing financial stability. Don't miss out on this rare chance to acquire a well-positioned, carefully maintained property in one of Santa Monica's most coveted neighborhoods. Contact us today to schedule a viewing and explore this exceptional investment opportunity!

Listing Agent

Chuck Marquardt

Keller Williams Larchmont License #01893136 Listed on: 02/18/2025

Keller Williams Larchmont

Co-Listing Agent

John Barrentine

Keller Williams Larchmont License #01207185

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,002 Sq Ft Lot
  • Lot Dimensions are 100x50

Parking

  • On-Street Parking

Interior Spaces

  • 4,741 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4281-012-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4741
  • Lot Acreage: 0.1148
  • Lot Dimensions: 100x50
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Common Walls: Attached
  • Total Bathrooms: 7.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 558.74

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 4+ Car, On street

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 33.94
  • Assessed Improvement Value: 443430
  • Assessed Land Percent: 66.06
  • Assessed Land Value: 863188
  • Total Assessed Value: 1306618
  • Assessor Parcel Number: 4281-012-015
  • Lot Size Area: 5002

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.53
  • Number Of Units: 5
  • Total Annual Expense: 55970
  • Type Of Units: Multi-Family
  • Vacancy Rate: 5403

Map

Range of Values:

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ICE

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Average Value
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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 Change Sq Ft Price
02/18/2025 02/18/25 Price Changed $2,649,000 0.0% $559 / Sq Ft
02/18/2025 02/18/25 For Sale $2,649,000 -1.9% $559 / Sq Ft
01/25/2025 01/25/25 Off Market $2,699,000 -- --
10/07/2024 10/07/24 For Sale $2,699,000 -- $569 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 24-446741

The MLS