There are total of 7 units, approximately 4,071 Sq Ft building area on approximately 7,978 Sq Ft lot zoned SMR3, on the corner of Euclid Blvd and Ocean Park Blvd a few block from the Pacific ocean. This is an excellent corner lot for new multifamily condominium or apartment development opportunity. The current monthly rent income on the 7 units is $11,555 per month. The garages are rented separately and owner collects an extra $685 per month on top of $11,555 rent per month. So, total gross income is $12,240 per month or $146,880 a year.
Listing provided courtesy of
, Kerendian Properties
Additional Property Details
Number of Units
Number of Buildings
Gross Operating Income
Coastal Los Angeles
Coastal Los Angeles–Santa Monica, Malibu and Surrounding Areas
The strikingly beautiful Pacific Ocean is the backdrop for these communities which each offer a unique take on ocean-centric living from laidback Malibu to entrepreneurial Santa Monica, elegant Pacific Palisades, and creative Venice.
Santa Monica represents the epitome of the Southern California beach lifestyle. This seaside location has been featured so frequently in movies and television shows that it may seem instantly familiar. Santa Monica’s real estate is as varied as its citizenry. There are a variety of homes for sale, from beachy bungalows to new construction luxury homes. Condominiums are also available and there are many multi-unit apartment complexes with units for both sale and rent.
Malibu is an idyllic beach community with miles of scenic coastline and wooded hills and canyons that offer a chance to reconnect with nature. Despite its worldwide renown, Malibu still offers the feel of a small town where people know and care about each other.Known locally as the ‘Bu, much of Malibu is arrayed along a long curving stretch of Pacific Coast Highway and many of the most expensive properties sit directly on the beach with Carbon Beach being especially known for beautiful and very expensive real estate. Malibu Colony is a gated community that offers estate properties, many with expansive ocean views. Malibu real estate also extends into the surrounding hills and canyons where properties often have larger lots and feature ocean views.
Surrounding areas include Pacific Palisades, Topanga, Marina del Rey, and Venice.
Results from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.
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