1817 Euclid St 5 Unit Apartment Building $2,995,000 ($599,000/Unit) 6.43% Cap Rate Santa Monica, CA 90404

Coastal Santa Monica Compound: A Rare Value-Add Opportunity. Here's your shot at a true Westside trophy: a five-unit property steps from everything that makes Santa Monica special, delivered with four of five units vacant and loaded with upside. Picture this as your own family compound. The front owner's unit lives like a true single-family home: three bedrooms, two baths, great size, fully updated, with two separate outdoor entertaining spaces perfect for indoor-outdoor California living, plus dedicated front parking. This is the kind of unit you move into and never want to leave. Behind it, you'll find beautifully updated, contemporary one-bedroom, one-bath units, with some city views, plus a spacious two-bedroom, one-bath unit, all vacant and move-in ready. One additional two-bedroom, one-bath unit is currently tenant-occupied, offering immediate rental income while you plan your next move. And speaking of upside: three existing spaces have the potential to add up to three ADUs, unlocking an estimated $65K+ in additional annual income. For an investor or owner-user looking to maximize value, this is about as good as it gets. Location, location, location. You're 13 blocks to the sand, minutes from the shops and restaurants along Pico and Ocean Park, Santa Monica College, neighborhood parks, tennis courts, and sports fields. Hop on the freeway easily, catch the farmers' market, or stroll to Main Street and the 3rd Street Promenade. Venice's Rose Avenue and Abbot Kinney are just south; Wilshire and Montana are just north. UCLA and Providence St. John's Medical Center are both close by. With the Expo Line only about five blocks away, this property falls within the half-mile transit zone eligible for major development under SB 79. This is a rare combination of lifestyle, location, and long-term upside. Opportunities like this move fast. Schedule your showing today.
Buyer to cooperate with seller's 1031 at no expense to the Buyer. The broker, agent, and owner do not guarantee the accuracy of the square footage, lot size, zoning, rent control, permits, use code, ADU potential, SB 79, schools, and/or other information concerning the property's condition or features provided by the seller or obtained from public records or other sources. The buyer is advised to independently verify the accuracy of all information by conducting personal inspections with the relevant professionals.