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1851 Euclid Street

1851 Euclid Street, Santa Monica, CA 90404
Multifamily in Pico
Sold Sep 25, 2020
$2,500,000
$1,500,000 by First Foundation Bank
Mortgage Due Oct 01, 2050
Sold May 20, 1999
$550,000
$500,000 by Richard Dutra
Mortgage
Local assessors in Santa Monica, CA have categorized 1851 Euclid Street as a residential type of property. The property's lot size has been calculated to be 15,017 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 1,500 ft. If we look only at the heated or air conditioned part of the building, then 1851 Euclid Street has a total of 5,506 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1851 Euclid Street was last sold in Jul 24, 2020 for $2,500,000. According to our calculations, that's $454.05 per sqft. Prior to that sales transaction, the property was sold for $550,000 in May 10, 1999. Current property owners are expected to pay $31,972 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1851 Euclid Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,601,000. To break that down further, the land itself was valued at $1,560,600. While improvements to the property were assessed at a total of $1,040,400. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Detached Garage
Attached Garage

Exterior

Brick Exterior
Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Building Count: 3
  • Bedroom Count: 0
  • Living Units: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,017
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 5,506
  • Gross Building Area: 5,506
  • Building Area: 5,506
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 5,506
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWNER TERRACE
  • Land Acres: 0.345
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TOWNER TERRACE LOTS 290 AND 291

Ownership

  • Current Owner : KOUFAX EUCLID LLC
  • Previous Owner : WELLMAN WESLEY V
  • Owner Before Previous Owner: DUTRA RICHARD T
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701802

Zoning

  • Zoning: SMR2*

Geography

  • Assessors Map Reference: 49-B1
  • Parcel: 4283-029-026
  • Lot: 290,2
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0169
  • Longitude: -118.478

    Address

  • Full Address: 1851 Euclid St
  • Address - House Number: 1851
  • Address - Street Name: Euclid
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C024
  • 4-Digit Zip Code: 4607
  • Zip Code: 90404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,972
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 08-004

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 76
  • Final Value: 2,529,354
  • High Value: 2,822,536
  • Low Value: 2,236,171

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: FIRST FOUNDATION BANK
  • First Open Lien Mortgage Recording Date: Sep 25, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,601,000
  • Assessed Land Value: $1,560,600
  • Assessed Improvements Value: $1,040,400

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Sep 25, 2020
  • Current Sale Transaction ID: 11788697703
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1174041
  • Previous Sale Recording Date: May 20, 1999
  • Previous Sale Contract Date: May 10, 1999
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: Individual Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FOUNDATION BANK
  • First Mortgage Transaction Date: Sep 25, 2020
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: RICHARD DUTRA
  • Previous Mortgage Transaction Date: May 20, 1999
  • Previous Mortgage Loan Amount: $500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

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Frequently Asked Questions

What neighborhood is 1851 Euclid Street located in?
The 1851 Euclid Street is a multifamily located in the neighborhood of Pico in Pico, Santa Monica.
What is the average sales price for listings in 1851 Euclid Street?
The average sales price for units in 1851 Euclid Street is $0 currently.

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