1534 Euclid Street, Santa Monica, CA 90404 (MLS # SB24070429)
7/10 Units are vacant and renovation ready! After building ADUs and rehabbing for $430k, abuyer can stabilize this at a 6.25% CAP and 13.13 GRM whichincludes the cost of renovation and building ADUs. 1534 Euclid Stprovides an investor with the opportunity to own a trophy asset ina desirable pocket of Santa Monica, while also picking their owntenants!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 addedincome. There are 13 parking spaces on site, as well as a commonlaundry area.1534 Euclid St is conveniently located just minutes away from ThirdStreet Promenade, Santa Monica Airport, Miramar Hotel, and manymore developments. With an A+ location and ideal curb appeal,the subject property is ideal for any investor looking for immediateupside and an ADU opportunity.
Property Type(s):
Residential Income
|
Last Updated
|
4/11/2024
|
Year Built
|
1965
|
|
Community
|
Santa Monica
|
Garage Spaces
|
2.0
|
|
County
|
Los Angeles
|
Additional Details
| AREA |
Santa Monica |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Yes |
| LOT |
7504 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
SMR3* |
Location
Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/1/24 2:31 PM PDT and /or other sources. 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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