1427 Euclid Street

Santa Monica, CA 90404

$2,350,000
Price
8
Beds
6
Baths
3,462 Sq. Ft.
$679 / Sq. Ft.
3,462
Sq. Ft.
$679
per Sq. Ft.

Description

Call for offers! BEST AND FINAL OFFERS DUE ON WEDNESDAY 6/12/24 at 2:00PM------Assumable Loan! $1.075m @ 6.37% Fixed 5 Years Remaining. We are proud to present 1427 Euclid St, a 6-unit investment property in Santa Monica. This 6-unit property includes four private bungalows (two 2-Bed, 1-Bath, and two 1-Bed, 1-Bath) each with their own private patios. The fifth, rear structure has two 1-Bed, 1-Bath units above four individual garages. Built in 1924, the property has 3,462 square feet of living space...Call for offers! BEST AND FINAL OFFERS DUE ON WEDNESDAY 6/12/24 at 2:00PM------Assumable Loan! $1.075m @ 6.37% Fixed 5 Years Remaining. We are proud to present 1427 Euclid St, a 6-unit investment property in Santa Monica. This 6-unit property includes four private bungalows (two 2-Bed, 1-Bath, and two 1-Bed, 1-Bath) each with their own private patios. The fifth, rear structure has two 1-Bed, 1-Bath units above four individual garages. Built in 1924, the property has 3,462 square feet of living space and the soft story retrofit has already been completed. Just steps away from Downtown Santa Monica, its prime location offers easy access to urban amenities. Additionally, its Walk Score of 90 signifies a "Walker's Paradise", giving tenants unparalleled access to amenities in Downtown Santa Monica. The property features four individual garages and ample permit-only street parking for tenant convenience. Each unit is individually metered for gas and electricity. With potential for regular rent increases, this property is ideal for investors seeking long-term gains and stability in a prime Santa Monica neighborhood. Don't miss this opportunity at one of the best price points in Santa Monica!
  1. Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
  2. Listed by Don Favia • DRE #01841258 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.

Property Details for 1427 Euclid Street

Zoning
SMR3*
Parcel Number
4282022020
Total Units
6.0
Living Area
3462
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
7484

Location

Listing Courtesy of Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644; Realty Investment Advisors, Inc., Don Favia, DRE #01841258
Add your commute
LISTING UPDATED: 06/10/2024 11:15 AM

Property Details for 1427 Euclid Street

StatusActive
MLS #24-394821
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.17 AC / 7,484 SF
CountyLos Angeles County

Location

Listing Courtesy of Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644; Realty Investment Advisors, Inc., Don Favia, DRE #01841258
Add your commute

Building Information for 1427 Euclid Street

Stories2Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,484 SF

Payment Calculator

$13,106 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$281

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1427 Euclid Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 5
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $169,176
  • Net Operating Income: $113,381.00
  • Gross Income: $174,924
  • Cap Rate: 4.82%
  • Gross Rent Multiplier: $13.43
  • Total Annual Expense: 56295
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1718
  • Lot Size Square Feet: 7484
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage Is Detached
  • Total Parking: 0
  • Parking Features: Garage - Single Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two, One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $5,790.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,288.00
  • Unit Actual Rent: $3,288.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,144.00
  • Unit Actual Rent: $4,288.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $46,627.00
  • Assessed Improvement Percent: 31.42
  • Assessed Land Value: $101,765.00
  • Assessed Land Percent: 68.58
  • Assessed Total Value: $148,392.00

Property History for 1427 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 1427 Euclid Street

Taxable ValueLand$101,765Additions$46,627Total$148,392
Tax Record2023$3,375 ($281 / 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

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1427 Euclid Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on May 22, 2024 by Realty Investment Advisors, Inc., it's currently listed at $2,350,000. It has been on the market for a total of 24 days and was last sold on March 18, 2024. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1427 Euclid Street is a 8-bed, 6-bath, 3,462 sqft multi-family home built in 1924.

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 Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644; Realty Investment Advisors, Inc., Don Favia, DRE #01841258

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.