1534 Euclid Street

Santa Monica, CA 90404

$4,200,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $554 / sqft

1965

calendar_month Built

Property 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1534 Euclid Street
City Santa Monica
State CA
Zip 90404
County Los Angeles
Listing Agent Cameron Samimi DRE#02035763
Co-Listing Agent Keith Moret DRE#01802527
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
MLS SB24070429
List Price $4,200,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 7,504
Year Built 1965
DOM 1

Exterior Information

Maps

Listing information courtesy of: Cameron Samimi, Keith Moret, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 11th, 2024 at 3:01 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.