Closed /
MLS #SB24070429 /
Condo /
Santa Monica
Listing information updated 7/10/2024 at 4:02pm
7/10 Units are vacant and renovation ready! After building ADUs and rehabbing for $430k, abuyer can stabilize this at a 6.25% CAP and 13.13 GRM whichincludes the cost of renovation and building ADUs. 1534 Euclid Stprovides an investor with the opportunity to own a trophy asset ina desirable pocket of Santa Monica, while also picking their owntenants!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 addedincome. There are 13 parking spaces on site, as well as a commonlaundry area.1534 Euclid St is conveniently located just minutes away from ThirdStreet Promenade, Santa Monica Airport, Miramar Hotel, and manymore developments. With an A+ location and ideal curb appeal,the subject property is ideal for any investor looking for immediateupside and an ADU opportunity.
Listing Office: Lyon Stahl Investment Real Estate, Inc.
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 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.
