9-Unit Apartment
1547 Euclid Street, Santa Monica, CA 90404
For Sale
$2,175,100
Four apartments are set to be delivered vacant, while the remaining units provide a varied residential mix.
Property Size7,336 SF
Days on Market970
Property Features for 1547 Euclid Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Realty Executives All Cities
Listed By:
Michael Johnson · License #00886898
(310) 968-6583
Source:
Archetyperealty
Added: Mar 15, 2024
Changed: Nov 8
Last Checked: Nov 8 at 12:51PM
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 Realty Executives All Cities
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Investment Insights
Based on property information with market context.
Built in 1960, this Santa Monica apartment property contains nine units: one three-bedroom, two-bath apartment, one two-bedroom, one-and-a-half-bath apartment, and seven one-bedroom, one-bath apartments. Four units are to be delivered vacant. Parking includes three spaces in front garages and four spaces at the rear.
The property is approximately 13 blocks from the Santa Monica Pier and ocean, with transportation, shopping, and dining nearby.
The property is approximately 13 blocks from the Santa Monica Pier and ocean, with transportation, shopping, and dining nearby.
Key Highlights
- Nine apartments: one 3‑bedroom/2‑bath, one 2‑bedroom/1.5‑bath, and seven 1‑bedroom/1‑bath units
- Four units to be delivered vacant
- Three front garage spaces and four rear parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,042
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,360,840
$2.4M
Cap Rate 7%
$1,686,314
$1.7M
Cap Rate 9%
$1,311,578
$1.3M
Market Conditions
NOI Build-Up for 7,336 SF
Gross rent
$233.3K $31.80/SF
− Vacancy
−$18.7K −$2.54/SF
EGI
$214.6K $29.26/SF
− OpEx
−$96.6K −$13.17/SF
NOI
$118.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,360,840
Cap Rate 7%
$1,686,314
Cap Rate 9%
$1,311,578
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,042 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,937 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
7,940
Businesses Nearby
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Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Santa Monica, CA
Properties on Market for Apartment buildings in Santa Monica
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments are set to be delivered vacant, while the remaining units provide a varied residential mix.
Where is this apartment building located?
The property is located at 1547 Euclid Street Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,175,100.
What are key features of this property?
This property features: Nine apartments: one 3‑bedroom/2‑bath, one 2‑bedroom/1.5‑bath, and seven 1‑bedroom/1‑bath units; Four units to be delivered vacant; Three front garage spaces and four rear parking spaces
