1534 Euclid Street, Property Listing: MLS® #SB24070429

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.

1534 Euclid Street, Property Listing: MLS® #SB24070429 Close
Page Summary
  • 619-987-4851
NEW
  • MLS® #: SB24070429
  • 1534 Euclid Street
  • , CA 90404
  • $4,200,000
  • 0.17 Acres
  • Office: Lyon Stahl Investment Real Estate, Inc.

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.

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Essential Information

  • MLS® #SB24070429
  • Listing Price$4,200,000
  • Original Listing Price$4,200,000
  • Date ListedApril 9th, 2024
  • Days on Market3
  • Bathrooms0.00
  • Acres0.17
  • Lot Sq.Ft.7,504
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$165

Community Information

  • Address1534 Euclid Street
  • AreaSANTA MONICA (90404)
  • CountyLos Angeles
  • StateCA
  • Zip Code90404

Amenities

  • PoolN/K
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Listing information last updated on May 6th, 2024 at 5:23am PDT.