1534 Euclid Street
Santa Monica, CA 90404
- – beds
- – baths
- – sqft
- 7,504 sqft lot
- 1965 build
- – on site
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.
Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556
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Last updated Apr 11, 2024
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MLS# SB24070429 —
Walk Score®
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Bike Score®
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Transit Score®
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/11/24
Apr 11, 2024
|
Listed / Active | CRMLS_CA | $4,200,000 |