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1423 Euclid St, Santa Monica, CA 90404
$5,220,000
1423 Euclid St, Santa Monica, CA 90404View this property at 1423 Euclid St, Santa Monica, CA 90404
1423 Euclid StSanta MonicaCA90404
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Property Description
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.
Full Property Details
Full Property Details for 1423 Euclid St
General
- Sold For: $5,220,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-308519
- Added to Site: 231 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 16
Additional Information
- Other Features: None
Exterior
- Deck/Patio: Balcony, Deck(s), Open Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 13
- Covered Spaces: 13
- Garage Description: Community Garage, Covered Parking, Garage - 1 Car, Gated
Location
- Area: Santa Monica
- County: Los Angeles
- Driving Directions: East on Santa Monica Blvd, South on Euclid St
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 6
- Stories/Levels: 3
- Square Feet: 15,621
- Sq. Ft. Source: Assessor
- Year Built: 1974
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 17
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1724
- Lot Size: 14993
- Lot Size Source: Assessor
- Lot Features: Alley Access
- Zoning: SMR3*
- Lot Description: 5 + Lots, Landscaped, Automatic Gate
Financial Considerations
- Price Per Sq. Ft.: $384.1
- Assessment Year: 1974
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4282-022-021
Listed and Sold by Realty Investment Advisors, Inc., Benjamin J. Hsiang and Realty Investment Advisors, Inc., Don Favia
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Schools
Schools serving 1423 Euclid St
School District:Santa Monica-Malibu Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2401 Santa Monica Blvd, Santa Monica, CA 90404 | K-5 | 0.8 mi | |
1501 California Ave, Santa Monica, CA 90403 | 6-8 | 0.5 mi | |
601 Pico Blvd, Santa Monica, CA 90405 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1423 Euclid St
Date
Details
Price
Change
Source
3/18/2024
Sold
$5,220,000
-13%
MLS
11/06/2023
Price Increased
$6,000,000
30.43%
MLS
9/12/2023
Listed
$4,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1423 Euclid St, Santa Monica, CA 90404 (MLS# 23-308519) is a Multi-Family property that was sold at $5,220,000 on March 18, 2024. Want to learn more about 1423 Euclid St? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.