1258 Euclid Street
1258 Euclid Street
$2,298,000
6
5
3,190
3,190
$720
Sold 3/22/24
Description
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...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.
- Listed by Rinde Philippe • DRE #01895315 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert
Property Details for 1258 Euclid Street
Zoning
SMR3*
Parcel Number4282005011
Total Units4.0
Living Area3190
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate1
Lot Size Area7504
Location
LISTING UPDATED: 03/22/2024 01:15 PM
Property Details for 1258 Euclid Street
Status | Sold |
---|---|
MLS # | 24-343059 |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.17 AC / 7,504 SF |
County | Los Angeles County |
Location
Building Information for 1258 Euclid Street
Stories-Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,504 SF
Payment Calculator
$13,310 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1258 Euclid Street
Property History for 1258 Euclid Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1258 Euclid Street
Taxable ValueLand$497,937Additions$187,866Total$685,803
Tax Record2023$9,225 ($769 / month)
Home Facts
Total Finished SqFt3,190 SqFtAbove Grade Finished SqFt3,190 SqFtLot Size7,502 SqFtStyleQuadraplexYear Built1957ZoningSMR3*CountyLOS ANGELESAPN4282-005-011
Schools near 1258 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.
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