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$2,250,000
Est. payment /mo
8 Beds
6 Baths
3,462 SqFt
UPDATED:
12/19/2024 05:48 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $649
MLS Listing ID 24472665
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 7,483 Sqft
Property Description
We are pleased to present the exclusive listing of 1427 Euclid St. The property built in 1924 consists of six units, totaling 3,462 rentable square feet on a 7,482 square foot lot. The property consists of bungalow-style units, with the unique feature of being housed in ve separate structures. This layout offers tenants enhanced privacy due to minimal shared walls, which is a rare characteristic for multi-family properties in the area. Additionally, the property includes four single-car garages and has recently serviced roofs, ensuring that the buildings are well-maintained with minimal immediate repair needs. This combination of privacy, functional living space, and upkeep makes the property attractive to prospective tenants. The location of 1427 Euclid Street is one of its strongest selling points. Situated close to Downtown Santa Monica, the property benets from easy access to a wide range of entertainment, dining, and shopping options. The area is known for its beachside lifestyle, excellent weather year-round, and vibrant cultural scene, which continues to drive strong demand for rental properties. Moreover, Santa Monica's appeal as a top-tier residential area is further bolstered by upcoming developments that will enhance the local infrastructure and economy. For instance, the 1945 Euclid Street project will introduce 39,000 square feet of ofce and retail space to the neighborhood, which is expected to increase job opportunities and draw even more people to the area. Additionally, high-end projects like Aire Santa Monica, a luxury residential development, are elevating the standard of living in the region, further increasing its appeal to afuent residents. The combination of a prime location, a growing local economy, and increasing demand for housing makes this property a strong investment opportunity. With its privacy-focused design, proximity to high-demand areas, and continued infrastructure development, 1427 Euclid Street offers strong rental income potential and long-term appreciation prospects. Santa Monica's competitive rental market also presents some risk, but the overall demand in the area and the property's unique characteristics position it well for sustained success.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Attached Garage Yes
Total Parking Spaces 4
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4282022020
Special Listing Condition Standard
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Listed by Eliyahu Appel • Marcus & Millichap
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Scott Woodburn
Real Estate Professional Knowledge Broker | License ID: 01185194
Real Estate Professional Knowledge Broker License ID: 01185194