1534 Euclid Street Santa Monica, CA ^$ 4,200,000

1534 Euclid Street

^$ 4,200,000

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Recently Listed

1534 Euclid Street

Santa Monica, CA, 90404

^$ 4,200,000

Bedrooms16 Baths14.0 Sq 7,580

Monthly Estimate*

^$ 29,338

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Santa Monica, CA

for $4,200,000 with 16 bedrooms and 14 full baths. This 7,580 square foot home was built in 1965 on a lot size of 0.1723.

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.

Multi-Family Active

Price

^$ 4,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1723

Year Built

1965

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SB24070429

Days on Market

Features

General

Sewer PublicSewer

Zoning SMR3*

Garage Spaces 2.0

Pool Features None

Year Built 1965

Property SubType Apartment

Gross Income 319812.0

Community Features Urban

County Los Angeles

Net Operating Income 217405.0

Operating Expense 92812.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Off of 14th St and Santa Monica Blvd

City Santa Monica

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C14 - Santa Monica

Lot Size Square Feet 7504.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Euclid

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot G

Property Sub Type Additional Apartment

Expected Active Date 2024-04-11

Cap Rate 5.18

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 2.0

Lot Size Area 7504.0

Number of Buildings 1

Spa N

Building Area Total 7580.0

Lot Size Acres 0.1723

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 10

Number of Separate Electric Meters 10

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1534

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$29,338

Per Month

Monthly Principal & Interest: $29,338
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$3,843,179

Percent of Sale Price 8%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/11/2024	$4,200,000		Listed Price

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1534 Euclid Street, Santa Monica, CA, 90404 is a Multi-Family Home for sale at $4,200,000 with 7,580 sqft and a lot size of 0.1723. 1534 Euclid Street has 16 bedrooms, 14.0 baths, and was built in 1965. The property's zip code is 90404 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1534 Euclid Street

Multi-Family Home for sale in Santa Monica, CA

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