$4,200,000
1534 Euclid Street, Santa Monica 90404
16
Beds
14
Baths
7,504
Lot Size
10
# Of Units
Listing Agent
Cameron Samimi - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
| MLS® # | SB24070429 |
|---|---|
| Price | $4,200,000 |
| Bedrooms | 16 |
| Bathrooms | 14.00 |
| Lot Size | 7,504 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 1534 Euclid Street |
|---|---|
| Area | C14 - Santa Monica |
| City | Santa Monica |
| County | Los Angeles |
| Zip Code | 90404 |
Amenities
| Parking Spaces | 2 |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | 0-1 Unit/Acre |
|---|
Additional Information
| Date Listed | April 9th, 2024 |
|---|---|
| Days on Market | 22 |
| Zoning | SMR3* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cameron Samimi |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |