1427 Euclid Street
$2,250,000
8
6
3,462
3,462
$650
Description
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...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.
- Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 1427 Euclid Street
Zoning
SMR3*
Parcel Number4282022020
Total Units6.0
Living Area3462
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate3%
Lot Size Area7484
LISTING UPDATED: 12/16/2024 03:49 PM
Property Details for 1427 Euclid Street
Status | Active |
---|---|
MLS # | 24-472665 |
Days on Market | 37 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.17 AC / 7,484 SF |
County | Los Angeles County |
Building Information for 1427 Euclid Street
Stories-Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,484 SF
Property Information for 1427 Euclid Street
Property History for 1427 Euclid Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1427 Euclid Street
Taxable ValueLand$103,800Additions$47,559Total$151,359
Tax Record2024$3,425 ($285 / month)
Home Facts
Total Finished SqFt3,462 SqFtAbove Grade Finished SqFt3,462 SqFtLot Size7,482 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningSMR3*CountyLOS ANGELESAPN4282-022-020
Schools near 1427 Euclid Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
McKinley Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Olympic High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.