1427 Euclid St

Offering Memorandum

Prime Santa Monica Location

Summary

Santa Monica Beach Landscape Skyline Taken from the Pier.jpg

UNITS

YEAR BUILT

GROSS SF

LOT SF

APN

ZONING

1924

3,462

7,482

4282-022-020

SMR3*

Opportunity

Realty Investment Advisors presents 1427 Euclid St, a 6-unit investment property in Santa Monica. This 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. Located in the heart of Santa Monica, it's steps away from Downtown Santa Monica, offering 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!

Prime Location

Santa Monica

Santa Monica is a beachside city of 8.3 square miles on the westside of Los Angeles County. Offering an environment of unparalleled natural beauty, the city is home to a mix of residential communities, commercial districts, and recreational venues. Recently named by National Geographic as one of the Top "10 Beach Cities in the World" and by TIME as one of the "Best Places to Live", Santa Monica features three miles of Pacific beaches and the Santa Monica Pier. Santa Monica’s residential population is approximately 93,000, increasing to an estimated 250,000 during the day with tourists, shoppers, and employees. Tourism attracts over 8 million visitors annually.