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1427 Euclid Street
USD 2,350,000
Property ID: 23308537
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1427 Euclid Street ,90404
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icon 7482 SqFt
icon Built in 1924
icon USD 314/SqFt
icon 8 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
8
Bathrooms
0
Interior Size
3462
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1924
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Detailed Introduction Of This Home
WE LOVE BUNGALOWS!! Introducing 1427 Euclid St, a rare 6-unit multifamily property in Santa Monica, priced at an attractive $391K per unit in the low $2M range. The property features mainly individual bungalows within five separate structures, affording residents unmatched privacy due to minimal shared walls. A notable addition to this asset is its four single-car garages. Importantly, three of these garages are owner-occupied and will be delivered vacant at close, providing immediate avenues for additional revenue streams, either through separate garage rentals or convenient ADU conversion. he bungalows' roofs were recently serviced in 2022 with a renowned sealer, initiated on a five-year maintenance cycle. This long-held family asset, first on the market in decades, offers investors a significant value-add potential, underscored by a striking 30% upside in rents. Additionally, its Walk Score of 90 signifies a "Walker's Paradise," giving tenants unparalleled access to amenities in Downtown Santa Monica. The property's prime location enhances its appeal, located just blocks from Downtown Santa Monica. For those looking for a diversified investment strategy, 1427 Euclid St is offered individually or alongside its 11-unit sister property, 1423 Euclid St. With its distinctive architectural layout, compelling per-unit pricing, and remarkable potential for rent growth and additional revenue, 1427 Euclid St stands as an exceptional investment opportunity in a high-demand market.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1427 Euclid Street
USD 2,350,000 8 Beds
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