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$3,950,000

Beds
16
sq ft
12,159

1423 Euclid St, Santa Monica, CA 90404

1423 Euclid St

Santa Monica, CA 90404

  • 110 days on market
    • Price drop $45,000↓
New Price | We are pleased to present the exclusive listing of 1423 Euclid St a three-story, eleven-unit multifamily property nestled in the heart of Santa Monica. The property offers a variety of living spaces, including two townhome-style 2-bedroom, 2-bathroom apartments, three spacious 2-bedroom, 2-bathroom apartments, four cozy 1-bedroom, 1-bathroom units, and two comfortable studios. Many units have private balconies. Each unit features gated entry & ample parking in secured garages or through the alley. Built in 1974, the property also boasts common area laundry. The second and third-floor units are bright and airy, with natural light and views stretching from the Santa Monica Mountains to Catalina Island. Recent upgrades include a new hot water boiler in 2023, a new roof in 2019, and partial sewer and electrical upgrades over the past few years. Residents will enjoy a 7-minute bike ride to iconic destinations like the Santa Monica Pier, Santa Monica Beach, and the vibrant 3rd Street Promenade, which hosts renowned brands such as Nike, Louis Vuitton, Nordstrom, Tesla, and Apple. Additionally, the area offers ample dining options, from local favorites like Wally's and the Cheesecake Factory to cozy cafes like Starbucks, La La Land Kind Cafe, and Urth Cafe. Santa Monica's relaxed beachside vibe and year-round pleasant weather make it an ideal place to live, complete with breathtaking ocean views. The upcoming 1945 Euclid St. project will introduce a three-story building with 39,000 square feet of office space and a two-story underground parking garage, developed by RedCar Properties. RedCar Properties is also working on three neighboring developments1640 14th St., 1650 Euclid St., and 1630 Euclid St which will add significant office space and retail, replacing an unattractive tow yard. These developments will generate job opportunities, drive housing demand, and enhance the area's appeal. Additionally, the nearby Aire Santa Monica is a luxury residential development featuring 19 units, including 11 townhomes and 8 flats, with high-end finishes and premium amenities, offering an upscale living experience with a focus on comfort and elegance.

Details

Property type

Lot size

7,513 sq ft

Price per sq ft

$325

Year built

1974

HOA

No

Price History

12/05/2024
CLAW

CLAW #24423841

Price change
$3,950,000
-1.13%
07/03/2024
CLAW

CLAW #24423841

Listed
$3,995,000
-23.47%
03/18/2024
CLAW

CLAW #23308519

Sold
$5,220,000
-13%

Schools & Community

Neighborhood: 

Downtown/Third Street Promenade

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

Jpmorgan Chase Bank Na

Loan start date

January 2024

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Amount keyed is an Aggregate amount

Seller

Tyh Fund Llc

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: 12/22/2024 at 8:45 AM

Listing updated: 12/04/2024 at 9:15 PM

Listed by: Eliyahu Appel, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24423841

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