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1837 Euclid Street

Santa Monica, CA 90404
  • $3,500,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: 22182947
UPDATED: 30 min ago
$3,500,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Jonathan Taksa of Remax Commercial And Investment Realty (213-817-1000)


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 California Regional Multiple Listing Service, Inc. as of 2022-08-07T12:28:57.597. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131281770
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1837 Euclid Street Santa Monica, CA 90404

  • Price: $3,500,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 30 min ago
  • ID#: 22182947
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1947
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - 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

Parking Features None Parking Total 5

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Gross Income 210576 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 148995 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T12:28:57.597. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Jonathan Taksa of Remax Commercial And Investment Realty (213-817-1000)