Jeremiah Moersch REALTOR®
Office: 760-533-2540
1534 Euclid Street, Santa Monica
$4,200,000
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16 Beds
14 Baths
.17 Acre
2 Garages
7/10 Units are vacant and renovation ready! After building ADUs and rehabbing for $430k, a
buyer can stabilize this at a 6.25% CAP and 13.13 GRM which
includes the cost of renovation and building ADUs. 1534 Euclid St
provides an investor with the opportunity to own a trophy asset in
a desirable pocket of Santa Monica, while also picking their own
tenants!
The subject property is comprised of (1) 2Bed+2Bath, (3)
2Bed+1Bath, (5) 1Bed+1Bath and (1) Studio+1Bath units.
Additionally, there is an opportunity to build (2) ADUs for added
income. There are 13 parking spaces on site, as well as a common
laundry area.
1534 Euclid St is conveniently located just minutes away from Third
Street Promenade, Santa Monica Airport, Miramar Hotel, and many
more developments. With an A+ location and ideal curb appeal,
the subject property is ideal for any investor looking for immediate
upside and an ADU opportunity.
Essential Information
- MLS® #
- SB24070429
- Price
- $4,200,000
- Bedrooms
- 16
- Bathrooms
- 14.00
- Acres
- 0.17
- Year Built
- 1965
- Type
- Residential Income
- Sub-Type
- Apartment
- Status
- Active
Community Information
- Address
- 1534 Euclid Street
- Area
- C14 - Santa Monica
- City
- Santa Monica
- County
- Los Angeles
- Zip Code
- 90404
- Community Features
- Urban
- Senior Community
- N
Amenities
- Parking Spaces
- 2
- # of Garages
- 2
- Pool
- None
Interior
- # of Stories
- 2
Exterior
- Lot Description
- 0-1 Unit/Acre
Additional Information
- Date Listed
- April 9th, 2024
- Days on Market
- 34
- Zoning
- SMR3*
Listing Details
- Agent
- Cameron Samimi
Office
Lyon Stahl Investment Real Estate, Inc.
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 15th, 2024 at 7:41pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.