Pending
1923 Euclid St
Santa Monica CA, 90404
$1,629,000
$217.14 per sqft
Pending
0.17 Acres
Land
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.
24-443757
MLSⓇ ID
September 23, 2024
Listed
November 4, 2024
Updated
Map
1923 Euclid St
Santa Monica CA, 90404
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
Santa Monica
Days on Market
91
Garage
No
View
Yes
View Description
Other
County
Los Angeles
Pool
No
Zoning
SMR2*
Listing History
Date | Event | Price |
---|---|---|
11/4/2024 | Pending | — |
10/21/2024 | Active | — |
10/7/2024 | Under contract | — |
Listed by Zachary Rosen with Marcus & Millichap
Listing Contact: 323-305-4374
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Data last updated 11/4/2024