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1837 Euclid St

Santa Monica, CA 90404
  • $3,500,000
  • STATUS: Active
  • ON SITE: 190 Days
  • MLS #: 22-182947
UPDATED: 42 min ago
$3,500,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,730
    SQFT
  • $740
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Ratings & Info

Description

Presenting 9 units (7 existing and 2 ADUs with RTI permits) for sale at 1837-1839 Euclid Street located in the beachside enclave of Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, the Euclid property was built in 1947 and maintains all the charm and character of its vintage. Featuring a great unit mix of 1 and 2 bedroom floor plans. The property has significant rental upside, as only 2 of the units have been luxuriously renovated by ownership. Additionally, the Seller will deliver the property at the close of escrow with ready to issue (RTI) permits for the addition of 2 ADUs. A quick walk to high-end dining, nightlife and the beach, this unique value add offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a turnkey asset in one of the best rental locations in all of Los Angeles.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-02T16:43:24.167. 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.
www.deserthouseseekers.com/homes/131279604
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1837 Euclid St Santa Monica, CA 90404

  • Price: $3,500,000
  • Status: Active
  • On Site: 190 Days
  • Updated: 42 min ago
  • MLS #: 22-182947
8
Beds
0
Baths
0
½ Baths
0.17
Acres
4,730
SQFT
$740
$/SQFT
1947
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Presenting 9 units (7 existing and 2 ADUs with RTI permits) for sale at 1837-1839 Euclid Street located in the beachside enclave of Santa Monica. Ideally located in the heart of LA's vibrant Westside and just blocks from the ocean, the Euclid property was built in 1947 and maintains all the charm and character of its vintage. Featuring a great unit mix of 1 and 2 bedroom floor plans. The property has significant rental upside, as only 2 of the units have been luxuriously renovated by ownership. Additionally, the Seller will deliver the property at the close of escrow with ready to issue (RTI) permits for the addition of 2 ADUs. A quick walk to high-end dining, nightlife and the beach, this unique value add offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a turnkey asset in one of the best rental locations in all of Los Angeles.
Exterior Features

Lot Size Area 7501 Other Structures Accessory Dwelling Unit Parking Garage None Total Parking 5

Interior Features

Baths Total 9.00 Cooling Wall/Window Equipment None Heating Other

Property Features

Assessed Total Value 2394553 Gross Income 210576 Gross Operating Income 204259 Like Units1 6 Like Units2 1 Like Units3 2 Net Operating Income 148995.00 Number Of Buildings 1 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Other Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 55264 Type Of Units Studio1S2S Year Built Source Assessor Zoning Smr2*

Listing provided courtesy of Jonathan Taksa DRE#01366169 of Remax Commercial And Investment Realty: 213-817-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-02T16:43:24.167. 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.
 
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