Description
Price Reduced! 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 pricing metrics are the some of the most attractive of any multi-family property in Santa Monica: 14.54 GRM, 4.48% cap rate, $535,909 per unit, and $567.33 per square foot. And there is still 20% upside in rents. The building is fully occupied, so please do not disturb the tenants. Contact listing agent for a detailed OM. Loan Amount - $2,669,420 Interest Rate - 4.56% I/O
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