1534 Euclid Street, Santa Monica, California 90404
- $4,200,000
- $4,200,000
Overview
- Apartment, Residential Income
- 2.0
- 7580 Sqft
- 1965
Description
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.
Address
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Address: 1534 Euclid Street
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City: Santa Monica
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State/county: CA
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Zip/Postal Code: 90404
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Country: US
Details
Updated on July 10, 2024 at 8:54 pm-
Property ID SB24070429
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Price $4,200,000
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Property Size 7580 Sqft
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Land Area 0.1723 Acres
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Garages 2.0
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Year Built 1965
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Urban
Mortgage Calculator
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