10-Unit Apartment Building with
1444 Euclid Santa Monica, CA 90404
New
For Sale
$2,800,000
Built in 1958, this 10-unit multifamily property offers a mix of studios and one- and three-bedroom units with on-site parking.
Property Size6,248 SF
Lot Size0.17 Acres
Price / SF$448.14
Days on Market2
Property Features for 1444 Euclid
General Information
- Standard status
- Active
- Size
- 6,248 SF
- Lot size
- 0.17 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1958
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 425-9838
Listed By:
Woody Stahl · License #01717818
(310) 425-9838
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This 10-unit apartment building was built in 1958 and includes two non-conforming units. The unit mix consists of one 3-bedroom/2-bath unit, eight 1-bedroom/1-bath units, and three studio units. On-site parking is available with three one-car garages, five carport parking spaces, and additional driveway space.
Located in Santa Monica, the property provides convenient access to Downtown Santa Monica, the Third Street Promenade, Santa Monica Beach, and major employment centers, along with nearby shopping and dining.
The offering represents a multifamily acquisition with in-place income and an investor-oriented return profile, with a stated current CAP rate of 5.75% and current GRM of 11.24.
Located in Santa Monica, the property provides convenient access to Downtown Santa Monica, the Third Street Promenade, Santa Monica Beach, and major employment centers, along with nearby shopping and dining.
The offering represents a multifamily acquisition with in-place income and an investor-oriented return profile, with a stated current CAP rate of 5.75% and current GRM of 11.24.
Key Highlights
- 10‑unit apartment building built in 1958 with approximately 6,248 SF on a 7,495 SF lot
- Unit mix includes one 3BD/2BA, eight 1BD/1BA, and three studio units (plus two non‑conforming units)
- Parking includes three one‑car garages, five carport spaces, and additional driveway space for tenant parking
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.7k | $31.80 |
| − Vacancy | −$15.9k | −$2.54 |
| EGI | $182.8k | $29.26 |
| − OpEx | −$82.3k | −$13.17 |
| NOI | $100.5k | $16.09 |
6,248 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,535 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,161 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 1958, this 10-unit multifamily property offers a mix of studios and one- and three-bedroom units with on-site parking.
Where is this apartment building located?
The property is located at 1444 Euclid Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 10‑unit apartment building built in 1958 with approximately 6,248 SF on a 7,495 SF lot; Unit mix includes one 3BD/2BA, eight 1BD/1BA, and three studio units (plus two non‑conforming units); Parking includes three one‑car garages, five carport spaces, and additional driveway space for tenant parking
