1817 Euclid St - Apartments FOR SALE


Santa Monica, CA 90404- Pico
$2,995,000 USD
310-702-8559
1817 Euclid St, Santa Monica, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/56
null | 6.43% Cap Rate

1817 Euclid St
Santa Monica, CA 90404
Pico


OVERVIEW

Coastal Santa Monica Compound: A Rare Value-Add Opportunity. Here's your shot at a true Westside trophy: a five-unit property steps from everything that makes Santa Monica special, delivered with four of five units vacant and loaded with upside. Picture this as your own family compound. The front owner's unit lives like a true single-family home: three bedrooms, two baths, great size, fully updated, with two separate outdoor entertaining spaces perfect for indoor-outdoor California living, plus dedicated front parking. This is the kind of unit you move into and never want to leave. Behind it, you'll find beautifully updated, contemporary one-bedroom, one-bath units, with some city views, plus a spacious two-bedroom, one-bath unit, all vacant and move-in ready. One additional two-bedroom, one-bath unit is currently tenant-occupied, offering immediate rental income while you plan your next move. And speaking of upside: three existing spaces have the potential to add up to three ADUs, unlocking an estimated $65K+ in additional annual income. For an investor or owner-user looking to maximize value, this is about as good as it gets. Location, location, location. You're 13 blocks to the sand, minutes from the shops and restaurants along Pico and Ocean Park, Santa Monica College, neighborhood parks, tennis courts, and sports fields. Hop on the freeway easily, catch the farmers' market, or stroll to Main Street and the 3rd Street Promenade. Venice's Rose Avenue and Abbot Kinney are just south; Wilshire and Montana are just north. UCLA and Providence St. John's Medical Center are both close by. With the Expo Line only about five blocks away, this property falls within the half-mile transit zone eligible for major development under SB 79. This is a rare combination of lifestyle, location, and long-term upside. Opportunities like this move fast. Schedule your showing today. Buyer to cooperate with seller's 1031 at no expense to the Buyer. The broker, agent, and owner do not guarantee the accuracy of the square footage, lot size, zoning, rent control, permits, use code, ADU potential, SB 79, schools, and/or other information concerning the property's condition or features provided by the seller or obtained from public records or other sources. The buyer is advised to independently verify the accuracy of all information by conducting personal inspections with the relevant professionals.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$596 USD /SF

# OF UNITS

5

PRICE/UNIT

$599,000

CAP RATE

6.43%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

SMR2*

APN/PARCEL ID

4283-029-003

ASK ABOUT THIS PROPERTY

Tom SwansonExclusive RealtyMore Info
310-702-8559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tom SwansonExclusive RealtyMore Info
310-702-8559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.