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.
Additional Features
- 0-1 Unit/Acre
- Parking spaces: 2.00
- Listing Status: Active
- Listing Agent: Cameron Samimi
(lic# 02035763)
of South Bay
- Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
- CO-Listing Agent: Keith Moret
(lic# 01802527)
of Beverly Hills/Greater LA
- CO-Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
-
Based on information from CRISNet MLS as of 5th May 2024 at 11:23pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
