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1423 Euclid Street
Santa Monica, CA 90404
Sold
1423 Euclid Street
Santa Monica, CA 90404
Sold
HUGE $950K PRICE REDUCTION!!!! Introducing 1423 Euclid St & 1427 Euclid St, side by side, combined 17-unit multifamily properties in prime Santa Monica. Each with their own separate APN (4282-022-021 & 4282-022-020) for the first time on the market in decades, this 1974-built, 3-story property, and 1920's, 6 unit bungalows together stands as an outstanding investment opportunity. Priced competitively at a combined $353k per unit and $384 per square foot, they feature large, spacious units, two townhouse style units, balconies, locked gated entry, abundant parking with 8 individual spaces in a gated semi-subterranean garage plus 9 individual garages off the back alley. These present future ADU possibilities. Currently there is one vacancy. The properties offer attractive upside in rents, highlighting its significant value-add potential. This is further amplified by recent upgrades including a 2023-installed hot water boiler, a 5-year-old roof, and partial sewer and electrical improvements. Pedestrian walkways on each floor were also resealed about five years ago. Boasting an incredible Walk Score of 89 of 100, the building is a "Very Walkable," strategically located mere blocks from Downtown Santa Monica. This location provides tenants virtually unlimited shopping, dining, and entertainment options. Both 1423 &1427 Euclid properties must be sold together. With its unique blend of immediate income potential, future value upside, and a competitive price point, 1423 & 1427 Euclid St stands as an exceptional investment opportunity. Offering Memorandum is available upon request.
PROPERTY INFORMATION
| MLS # | 23308519 | Lot Size | 14,993 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 6,000,000
Price Per SqFt: $ 384 |
DOM | 708 Days |
| Address | 1423 Euclid Street | Type | Residential Income |
| City | Santa Monica | Sq.Ft. | 15,621 Sq. Ft. |
| Postal Code | 90404 | Garage | 13 |
| County | Los Angeles | Year Built | 1974 |
| Bed / Bath | 16 / 0 | Parking | N/A |
| Built In | 1974 | Status | Closed |
| Sold Date | 2024-03-18 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
EXTERIOR FEATURES
| Has Patio | Yes |
| Patio | Deck, Patio Open, Porch |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $6,400
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/03/2024 | Pending | $6,000,000 |
| 11/06/2023 | Price Change (Relisted) | $6,000,000 (30.43%) |
| 09/28/2023 | Active Under Contract | $4,600,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Benjamin J. Hsiang, Realty Investment Advisors, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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, 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.
