Santa Monica, CA 90404,1923 Euclid ST

$1,600,000

Est. payment /mo

$1,629,000

1.8%
Est.Price: ?

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1923 Euclid ST Santa Monica, CA 90404

7,501 Sqft Lot

SOLD DATE : 12/16/2024

Key Details

Sold Price $1,600,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24443757

Sold Date 12/16/24

HOA Y/N No

Lot Size 7,501 Sqft

Property Description

We are excited to offer 1923 Euclid St, a prime infill development site in Santa Monica, CA. This 7,500-square-foot parcel, zoned SMR2*, is strategically located just 1.2 miles from world-class beaches and only a 6-minute walk from the main campus of Santa Monica College. The property benefits from its proximity to significant development projects, with over 1,000 new apartment units either planned or under construction nearby, including a notable 280-unit mixed-use complex by Related California. Additionally, major office property is being planned at 1630 Euclid, which is expected to further increase demand from local business owners and professionals. Santa Monica's median home sale prices consistently exceed $1,900,000, highlighting the potential value of this vacant site. An owner-user could design a multi-unit building, living in one unit while renting out others to generate passive income. The site features convenient front access along Euclid St and rear alley access on the east side, situated on a quiet street with a mix of condominiums, single-family homes, and multifamily residences. This creates an ideal balance of a tranquil beach town atmosphere and an eclectic city environment. Moreover, the property offers exceptional accessibility to the 10 freeway and Metro Expo Line, ensuring swift connections to major employment centers from the west side to downtown Los Angeles. It is also close to local amenities, including Bay Cities Italian Deli and Bakery, Memorial Park, Shutters on the Beach Hotel, and an array of cafes and restaurants along Pico Blvd. Developing a multi-unit structure at 1923 Euclid St presents a compelling investment opportunity. With favorable zoning, high rental demand, and a prime location, the property is a rare opportunity to own a well sized site at an exceptional $217 per square foot.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 4283029015

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Zachary Rosen • Marcus & Millichap
Bought with Zachary Rosen • Marcus & Millichap

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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