1836 Euclid St - Multi-Family FOR SALE


Santa Monica, CA 90404- Pico
$1,950,000 USD
310-259-7556
1836 Euclid St, Santa Monica, CA for Sale
$1,950,000 USD
Multi-Family - FOR SALE
1/19
null | 4.4% Cap Rate

1836 Euclid St
Santa Monica, CA 90404
Pico


HIGHLIGHTS

  • 1 Vacant Unit | Perfect for Owner-User | All Units Include In-Unit Washer/Dryer
  • Spacious Front Yard and Courtyard Style Provide an Enjoyable Space for Family Gathering, and Leisure
  • Proposed ADU Plans | (2) 2+2.5 Townhouse Style
  • Owner-Occupied Triplexes Qualify for a Temporary Use Exemption from Santa Monica Rent Control Law
  • Strong Rental Demand With Lots Of Upside Up-To 92% with ADU Income
  • Collects Additional $1,000 per Month in Storage Income

OVERVIEW

Large 2,751 sqft Triplex on a full size 7,488 sqft lot. A 2-Bedroom unit is delivered vacant immediately for an owner-user to occupy, making this property completely exempt from Santa Monica Rent Control. Not only can you make this your home and have no mortgage to pay, but a savvy investor can also add 2 ADU's here. Proposed plans have been submitted to the city and are preliminarily approved. This property has the ideal unit mix of three 2-Bedroom + 1-Bath units. All Units have washer and dryer hookups. In addition, the property offers a Storage Space that generates an additional $1,000 Per Month in Income. The Property offers tandem parking in front of the building along with ample permitted street parking, while the front yard and courtyard provide inviting outdoor spaces for residents to relax, gather, or take in a bit of greenery right at home. 1836 Euclid Street also includes Proposed ADU Plans to build Two Townhouse-Style Units with 2-Beds and 2.5-Bath each, providing significant upside potential through increased rental income and property value once completed. With its prime location near major streets, the neighborhood amenities, and transit options, 1836 Euclid Street represents a compelling opportunity for any investor or owner.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$810 USD /SF

# OF UNITS

3

PRICE/UNIT

$650,000

CAP RATE

4.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

SMR2*

APN/PARCEL ID

4283-028-015

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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