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$2,799,000

Beds
6
sq ft
3,245

1034 Euclid St, Santa Monica, CA 90403

1034 Euclid St

Santa Monica, CA 90403

  • 84 days on market
    • Price drop $301,000↓
Prime Santa Monica Triplex: Remodeled, Fully Vacant & w/ Partially Approved Plans for 6 Units! Located South of Montana in the heart of Santa Monica, this remodeled triplex presents a unique opportunity for end users, investors AND developers! The front building is a bright and remodeled single-family home with 2 bedrooms, 2 bathrooms, with potential for a third bedroom and is completely separate from the back 2 units. The front unit also includes an attached 1-car garage (could be converted to a bedroom, office, or gym), a large driveway for 3 cars, a private front yard, and a 400 sqft covered patio. The rear structure, accessed via an alley, includes two units, each with 2 bedrooms, 1 bathroom, spacious living rooms, in-unit laundry, and a 1-car garage. A large, shaded patio offers a serene outdoor space for relaxation. Additionally, the current owner has begun the process to build 6 units with partially approved plans available upon request. Positioned on a 7,509 sqft lot, the property features 3,245 sqft of living space and is just blocks from top shops, dining, the beach, parks, and award-winning schools! Front unit has projected rent of $7,500. Back units have projected rent of $3,000 each.

Details

Property type

Est. home value

$2,763,710

Lot size

7,509 sq ft

Price per sq ft

$863

Year built

1926

HOA

No

Price History

09/25/2024
CLAW

CLAW #24426129

Price change
$2,799,000
-9.71%
08/12/2024
CLAW

CLAW #24426129

Listed
$3,100,000
+18.32%
08/18/2021
CRMLS

CRMLS #PW21084303

Sold
$2,620,000

Schools & Community

Neighborhood: 

Wilshire/Montana

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rocket Mortgage Llc

Loan start date

December 2021

Original loan amount

$1,001,650

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

New Conventional, 30 year

Seller

Ali M Pakravan and Faranak Sarbaz

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 3:35 AM

Listing updated: 11/01/2024 at 12:45 PM

Listed by: Laugharn Pierose, The Beverly Hills Estates Phone #: (310) 626-4248

MLS: CLAW #24426129

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