1534 Euclid Street, Santa Monica, CA 90404
-
Listed Price :
$4,200,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1965
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. |
List Price |
$4,200,000 |
Status |
Active |
Type |
Residential Income |
Subtype |
Apartment |
Structure Size |
N/A |
Lot Size |
7,504 |
Year Built |
1965 |
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.