1258 Euclid Street

Santa Monica, CA 90404

$2,298,000
Last Sold Price
6
Beds
5
Baths
3,190 Sq. Ft.
$720 / Sq. Ft.
3,190
Sq. Ft.
$720
per Sq. Ft.

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.
  1. Listed by Rinde Philippe • DRE #01895315 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 1258 Euclid Street

Zoning
SMR3*
Parcel Number
4282005011
Total Units
4.0
Living Area
3190
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
1
Lot Size Area
7504

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Rinde Philippe, DRE #01895315

Sold By Berkshire Hathaway HomeServices California Propert, Rinde Philippe, DRE #01895315

Add your commute
LISTING UPDATED: 03/22/2024 01:15 PM

Property Details for 1258 Euclid Street

StatusSold
MLS #24-343059
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,504 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Rinde Philippe, DRE #01895315

Sold By Berkshire Hathaway HomeServices California Propert, Rinde Philippe, DRE #01895315

Add your commute

Building Information for 1258 Euclid Street

Stories-Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,504 SF

Payment Calculator

$13,310 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,541

Property Taxes

$769

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1258 Euclid Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 4
  • Type Of Units: Individual
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $125,310
  • Net Operating Income: $96,968.00
  • Gross Income: $125,310
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $18.73
  • Total Annual Expense: 28341
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1723
  • Lot Size Square Feet: 7504
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage
  • Total Parking: 8
  • Parking Features: Driveway, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan, Garbage Disposal, Range/Oven, Refrigerator, Washer, Dryer, Dishwasher, Built-Ins
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-03-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,761.50
  • Unit Actual Rent: $3,761.50
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,588.50
  • Unit Actual Rent: $1,588.50
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,092.00
  • Unit Actual Rent: $2,092.50
  • Unit Projected Rent: $3,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $187,866.00
  • Assessed Improvement Percent: 27.39
  • Assessed Land Value: $497,937.00
  • Assessed Land Percent: 72.61
  • Assessed Total Value: $685,803.00

Property History for 1258 Euclid Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Rinde Philippe, DRE #01895315

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.