1258 Euclid Street, Santa Monica, CA 90404
Property
Sold March 2024
Listing Agent: Rinde Philippe (DRE #01895315) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 310-829-0629 · Bought with: Rinde Philippe · Berkshire Hathaway HomeServices California Properties · MLS #24343059 · Source: CRMLS
About this property
Welcome to 1258 Euclid Street, a unique investment opportunity in the heart of Santa Monica. This property showcases a beautifully remodeled 2-bedroom front house adorned with a classic white picket fence and an inviting front garden, setting the stage for a serene and stylish living experience. Additionally, this property boasts three independent 1-bedroom units, each a cozy retreat complete with its washer/dryer. These charming cottages offer privacy and comfort, embodying the essence of snug and quaint living. This multi-unit sits on a generous 7,502 SF lot under versatile and rare SMR3 zoning. It presents redevelopment potential and opportunities for accessory dwelling units (ADUs). It's an investor's canvas, ideal for maximizing residential space and potential income. One of the units, 1 bed/1 bath plus small den, will be delivered vacant. It is excellent for an owner/user to live in one of the units to offset the mortgage payments or get passive income. This property is ripe with possibilities. It is an excellent option for 1031 exchange clients looking to park and grow their money. Residents enjoy swift access to the sun-kissed beaches, the bustling 3rd Street Promenade, and the vibrant amenities in downtown Santa Monica. The proximity to the World's Largest V3 Tesla Supercharging Station, UCLA Health Center, trendy restaurants, cafes, and shopping makes this an ideal location for future value growth. Easy access to the freeway and metro station encapsulates the best of convenience. Each unit has separate gas meters. Nearby a dynamic hub for high-tech startups and creative industries, this property is just a stone's throw away from some of the world's leading companies, including Hulu, Cornerstone on Demand, Lionsgate Entertainment, Oracle, Snap Inc., Universal Music Group, Amazon, Microsoft, Sony, HBO, and CBS. The presence of these top employers in close proximity attracts a large pool of employees and ensures the area is in high demand. This property also qualifies for residential financing. 1258 Euclid Street is a beacon of opportunity, offering immediate value and long-term growth potential. The earthquake soft story retrofit has been completed. This property has eight parking spaces. Truly not to be missed.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history