1427 Euclid Street
Santa Monica, CA 90404
- – beds
- – baths
- – sqft
- 7,482 sqft lot
- 1924 build
- – on site
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WE LOVE BUNGALOWS!! Introducing 1427 Euclid St, a rare 6-unit multifamily property in Santa Monica, priced at an attractive $391K per unit in the low $2M range. The property features mainly individual bungalows within five separate structures, affording residents unmatched privacy due to minimal shared walls. A notable addition to this asset is its four single-car garages. The bungalows' roofs were recently serviced in 2022 with a renowned sealer, initiated on a five-year maintenance cycle. This long-held family asset, first on the market in decades, offers investors a significant value-add potential, underscored by a striking 30% upside in rents. Additionally, its Walk Score of 90 signifies a "Walker's Paradise," giving tenants unparalleled access to amenities in Downtown Santa Monica. The property's prime location enhances its appeal, located just blocks from Downtown Santa Monica. For those looking for a diversified investment strategy, With its distinctive architectural layout, compelling per-unit pricing, and remarkable potential for rent growth and additional revenue, 1427 Euclid St stands as an exceptional investment opportunity in a high-demand market.
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Last updated Mar 18, 2024
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MLS# 23308537 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/18/24
Mar 18, 2024
|
Sold | CRMLS_CA | $2,220,000 | -5.5% |
|
2/1/24
Feb 1, 2024
|
Pending | CRMLS_CA | $2,350,000 | |
|
9/28/23
Sep 28, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $2,350,000 |