santa monica twelve unit property for sale: apartment building · santa monica, ca 90403 tel:...

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Serving the Westside since 1962! Sullivan-Dituri Company 2111 Wilshire Blvd Santa Monica, CA 90403 Tel: 310.453.3341 [email protected] WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341 BRE No. 01059814 [email protected] Santa Monica Property For Sale: 1244 Euclid St., Santa Monica, CA 90404 Twelve Unit Apartment Building

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Page 1: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

Serving the Westside since 1962!

Sullivan-Dituri Company2111 Wilshire BlvdSanta Monica, CA 90403Tel: [email protected]

WIlliam DawsonCell: (310) 428-0951Work:(310)453-3341BRE No. [email protected]

Santa MonicaProperty For Sale:

1244 Euclid St., Santa Monica, CA 90404

Twelve Unit Apartment Building

Page 2: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

We are pleased to offer this twelve unit apartment complex in Santa Monica. Great unit mix consisting of 1 - 3bd/1.75ba; 6 - 2bd/2ba; 3 - 1bd/1ba; and 2 - singles. Mid-city, just South of Wilshire Blvd.

All units are LEGAL. Property is subject to: Santa Monica rent control, development control, and soft-story earthquake retrofit ordinances.

Serving the Westside since 1962!

Property Information: Year Built: 1965 Lot Size: ~ 7,492 Sqft. Zoning: SMR3 APN: 4282-005-008 Scheduled Gross Income: $259,752.00GRM: 20.77

This sale is to facilitate a donation to the University of Southern California (USC). Net proceeds from this sale to benefit USC. Buyer to cooperate with donation requirements. USC will be the seller.

The information is from sources deemed reliable. Buyer’s responsibility to verify its accuracy.

Property Overview

Price: $5,395,000.00

Page 3: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

Property Overview Contd.

Serving the Westside since 1962!The information is from sources deemed reliable. Buyer’s responsibility to verify its accuracy.

Zoning:SM R3APN: 4282-005-008

1244 Euclid St., Santa Monica, CA 90404

Page 4: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

Financial Overview-Projections

Serving the Westside since 1962! The information is from sources deemed reliable, and in some cases projections. and has not been verified. Buyer’s responsibility to verify for accuracy and completeness.

Page 5: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

1244 Euclid St.,Santa Monica, CA 90404

Page 6: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

LocationOverview

1244 Euclid St. is in a great location in the westside of Los Angeles county, just a few blocks from the beach in Santa Monica. Offering access to both the beach communities, such as Santa Monica and Venice, as well as access to other westside cities such as Culver City and downtown Los Angeles.

This location has an incredibly high walk and bike score. Meaning most daily activities can be completed by walking or biking. The transit score is also above average due to both the Expo line and Big Blue Bus, which is run by the city of Santa Monica but also serves UCLA and most of West Los Angeles.

Page 7: Santa Monica Twelve Unit Property For Sale: Apartment Building · Santa Monica, CA 90403 Tel: 310.453.3341 contact@sullivan-dituri.com WIlliam Dawson Cell: (310) 428-0951 Work:(310)453-3341

About Sullivan-Dituri

Sullivan-Dituri Real Estate Company established in 1962 is recognized as a leader in the commercial and rental housing industry on the Westside. Sullivan-Dituri is fully engaged in all aspects of residential income property asset analysis,

sales, acquisition and management.

WILLIAM T. DAWSON, VICE PRESIDENTWilliam T. Dawson has been with the company since 1990 and is actively engaged in the Property Management and Real Estate sales and serves as company Broker. He holds a B.S. degree in Business Administration and Real Estate Finance from California State University at Northridge. He serves the rental housing industry as a director and Past President of the Apartment Association of Greater Los Angeles (AAGLA) in 2009, served as a director of the Santa Monica Chamber of Commerce, and is a member of the Beverly Hills and Greater Los Angeles Area Association of Realtors, and has been involved with several civic organizations such as the Santa Monica Kiwanis Club, currently a member of the Santa Monica Rotary Club,past President of the Boys and Girls Club Council of Santa Monica and currently serves on the Board of Govenors of the Boys and Girls Clubs of Santa Monica and is past Chairmanas of 2009.

Serving the Westside since 1962!

Sullivan-Dituri Company2111 Wilshire BlvdSanta Monica, CA 90403Tel: [email protected]

WIlliam DawsonCell: (310) 428-0951Work:(310)453-3341BRE No. [email protected]