1427 Euclid Street, Santa Monica, CA 90404
Property
Sold March 2024
Listing Agent: Benjamin J. Hsiang (DRE #01438644) · Listing Office: Realty Investment Advisors, Inc. · Bought with: Benjamin J. Hsiang · Realty Investment Advisors, Inc. · MLS #23308537 · Source: CRMLS
About this property
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history