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1427 Euclid St, Santa Monica, CA 90404
$2,220,000
1427 Euclid St, Santa Monica, CA 90404View this property at 1427 Euclid St, Santa Monica, CA 90404
1427 Euclid StSanta MonicaCA90404
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Property Description
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. The 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, 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.
Full Property Details
Full Property Details for 1427 Euclid St
General
- Sold For: $2,220,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-308537
- Added to Site: 248 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Garage Description: Garage - 1 Car
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: 5
- Stories/Levels: 2
- Square Feet: 3,462
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1924
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1718
- Lot Size: 7482
- Lot Size Source: Assessor
- Zoning: SMR3*
Financial Considerations
- Price Per Sq. Ft.: $678.8
- Assessment Year: 1924
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4282-022-020
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 1427 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 1427 Euclid St
Date
Details
Price
Change
Source
3/18/2024
Sold
$2,220,000
-5.53%
MLS
9/12/2023
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1427 Euclid St, Santa Monica, CA 90404 (MLS# 23-308537) is a Multi-Family property that was sold at $2,220,000 on March 18, 2024. Want to learn more about 1427 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.