Under contract

1923 Euclid St

Santa Monica CA, 90404

$1,629,000


$217.14 per sqft

Under contract

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

October 8, 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

63


Garage

No


View

Yes


View Description

Other


County

Los Angeles


Pool

No


Zoning

SMR2*

Listing History

Date

Event

Price

10/7/2024

Under contract

Listed by Zachary Rosen with Marcus & Millichap
Listing Contact: 323-305-4374 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor AGENTinLA | CA DRE# 01992220 | CA DRE# 02017875 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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Data last updated 10/8/2024

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