1534 Euclid Street
1534 Euclid Street
Description
buyer can stabilize this at a 6.25% CAP and 13.13 GRM which
includes the cost of renovation and building ADUs. 1534 Euclid St
provides an investor with the opportunity to own a trophy asset in
a desirable pocket of Santa Monica, while also picking their own
tenants! The subject property is comprised of (1) 2Bed+2Bath, (3)
2Bed+1Bath, (5) 1Bed+1Bath and (1) Studio+1Bath units. Additionally, there is an opportunity...7/10 Units are vacant and renovation ready! After building ADUs and rehabbing for $430k, a
buyer can stabilize this at a 6.25% CAP and 13.13 GRM which
includes the cost of renovation and building ADUs. 1534 Euclid St
provides an investor with the opportunity to own a trophy asset in
a desirable pocket of Santa Monica, while also picking their own
tenants! The subject property is comprised of (1) 2Bed+2Bath, (3)
2Bed+1Bath, (5) 1Bed+1Bath and (1) Studio+1Bath units. Additionally, there is an opportunity to build (2) ADUs for added
income. There are 13 parking spaces on site, as well as a common
laundry area.
1534 Euclid St is conveniently located just minutes away from Third
Street Promenade, Santa Monica Airport, Miramar Hotel, and many
more developments. With an A+ location and ideal curb appeal,
the subject property is ideal for any investor looking for immediate
upside and an ADU opportunity.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1534 Euclid Street
Location
Property Details for 1534 Euclid Street
| Status | Active |
|---|---|
| MLS # | SB24070429 |
| Days on Market | 21 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1965 |
| County | Los Angeles County |
Location
Building Information for 1534 Euclid Street
Payment Calculator
$23,378 per month
30 year fixed, 7.25% Interest
$22,921
$457
$0
Property Information for 1534 Euclid Street
- Gross Income: $319,812
- Gross Scheduled Income: $319,812
- Vacancy Allowance Rate: 3
- Net Operating Income: $217,405
- Gross Multiplier: 13.13
- Cap Rate: 5.18
- Operating Expense: $92,812
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $92,812
- Tax Block: 187
- Tax Tract Number: 1234
- Tax Census Tract: 7017.02
- CFD/Mello-Roos Fee: $1,990
- Tax Lot: G
- Community Features: Urban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 10
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 2
- Parking Garage Spaces: 2
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,596
- Unit Type Total Rent: $1,596
- Unit Type Pro Forma: 2750
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,750
- Unit Type Total Rent: $3,750
- Unit Type Pro Forma: 3750
- Unit Type Type: 10
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2750
- Unit Type Type: 11
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 4200
- Unit Type Type: 12
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $854
- Unit Type Total Rent: $854
- Unit Type Pro Forma: 3750
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,551
- Unit Type Total Rent: $1,551
- Unit Type Pro Forma: 2750
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,750
- Unit Type Total Rent: $2,750
- Unit Type Pro Forma: 2750
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $2,500
- Unit Type Pro Forma: 2500
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $4,200
- Unit Type Total Rent: $4,200
- Unit Type Pro Forma: 4200
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,750
- Unit Type Total Rent: $2,750
- Unit Type Pro Forma: 2750
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,750
- Unit Type Total Rent: $2,750
- Unit Type Pro Forma: 2750
- Unit Type Type: 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,750
- Unit Type Total Rent: $3,750
- Unit Type Pro Forma: 3750
- Unit Type Type: 9
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 10
- Number Of Separate Gas Meters: 10
- Number Of Separate Water Meters: 1
Property History for 1534 Euclid Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1534 Euclid Street
Schools near 1534 Euclid Street
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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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; Lyon Stahl Investment Real Estate, Inc., Keith Moret, DRE #01802527
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.