Listing by: Zachary Rosen, Marcus & Millichap

0 Beds

n/a Full bath

n/a SqFt

Pending

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.

Property Details
Price $1,629,000
Lot Size Area 7502
Lot Size Area Units Square Feet
Acres 0.1722
Property Type Land
Geographic Data
Directions East of 12th Street and West of 14th St, North of Pico Blvd and south of the 10 Freeway.
County Los Angeles
Latitude 34.016258
Longitude -118.477871
Market Area C14 - Santa Monica
Address Information
Address 1923 Euclid Street, Santa Monica, CA 90404
Postal Code 90404
City Santa Monica
State CA
Country United States
Listing Information
Listing Office Marcus & Millichap
Listing Agent Zachary Rosen
Special listing conditions Standard
MLS Information
Days on market 91
MLS Status Pending
Listing Date Aug 5, 2024
Listing Last Modified Nov 4, 2024
Tax ID 4283029015
MLS Area C14 - Santa Monica
MLS # 24443757

This information is believed to be accurate, but without any warranty.
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