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

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

December 16, 2024

Listed

December 22, 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*

Listed by Eliyahu Appel, Marcus & Millichap, CA DRE 01918652

Listing Contact: 818-212-2707 

Based on information from the CRISNet MLS as of 12/22/2024, 1:18 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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