Active
1427 Euclid Street
Santa Monica CA, 90404
$2,250,000
$649.91 per sqft
Active
8 Beds
6 Baths
3,462 sqft
Residential
Built in 1924
Listed by Eliyahu Appel with Marcus & Millichap 818-212-2707
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.
24472665
MLSⓇ ID
November 14, 2024
Listed
December 19, 2024
Updated
Map
1427 Euclid Street
Santa Monica CA, 90404
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
6
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
C14 - Santa Monica
Days on Market
34
Garage
Yes
Garage Spaces
4
Parking Total
4
View
No
County
Los Angeles
Pool
No
Zoning
SMR3*
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/19/2024 at 7:40 PM UTC