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$2,325,000

Beds
8
sq ft
3,462

1427 Euclid St, Santa Monica, CA 90404

1427 Euclid St

Santa Monica, CA 90404

  • 44 days on market
    • Price drop $25,000↓
Assumable Loan! $1.075m @ 6.37% Fixed 5 Years Remaining. We are proud to present 1427 Euclid St, a 6-unit investment property in Santa Monica. This 6-unit 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. Just steps away from Downtown Santa Monica, its prime location offers 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!

Details

Property type

Lot size

7,484 sq ft

Price per sq ft

$672

Year built

1924

HOA

No

Price History

06/24/2024
CLAW

CLAW #24394821

Price change
$2,325,000
-1.06%
05/22/2024
CLAW

CLAW #24394821

Listed
$2,350,000
+5.86%
03/18/2024
CLAW

CLAW #23308537

Sold
$2,220,000
-5.53%

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

March 2024

Original loan amount

$1,075,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Commercial

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: 07/05/2024 at 7:35 PM

Listing updated: 06/24/2024 at 12:27 PM

Listed by: Benjamin J. Hsiang, Realty Investment Advisors, Inc.

MLS: CLAW #24394821

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