1836 Euclid Street, Santa Monica, California 90404, Santa Monica, 90404 - bed, bath

1836 Euclid Street, Santa Monica, California 90404 home-pic-0
ACTIVE$1,950,000
1836 Euclid Street, Santa Monica, California 90404
0Bed
0Bath
2,751Sqft
7,497Lot
Year Built
1938
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$709
HOA
-
Days on market
-
Sold On
-
MLS number
SB25227837
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.95M(50th), sqft - 2751(50th), beds - undefined(50th), baths - undefined(50th).

Large 2,751 sqft Triplex on a full size 7,488 sqft lot. A 2-Bedroom unit is delivered vacant immediately for an owner-user to occupy, making this property completely exempt from Santa Monica Rent Control. Not only can you make this your home and have no mortgage to pay, but a savvy investor can also add 2 ADU's here. Proposed plans have been submitted to the city and are preliminarily approved. This property has the ideal unit mix of three 2-Bedroom + 1-Bath units. All Units have washer and dryer hookups. In addition, the property offers a Storage Space that generates an additional $1,000 Per Month in Income. The Property offers tandem parking in front of the building along with ample permitted street parking, while the front yard and courtyard provide inviting outdoor spaces for residents to relax, gather, or take in a bit of greenery right at home. 1836 Euclid Street also includes Proposed ADU Plans to build Two Townhouse-Style Units with 2-Beds and 2.5-Bath each, providing significant upside potential through increased rental income and property value once completed. With its prime location near major streets, the neighborhood amenities, and transit options, 1836 Euclid Street represents a compelling opportunity for any investor or owner.

Price History

Date
Event
Price
09/29/25
Listing
$1,950,000
06/17/05
Sold
$906,000
Condition Rating
Fair

Built in 1938, this property shows signs of regular upkeep with fresh paint and updated flooring in some areas. However, the kitchen features significantly outdated white appliances, basic white cabinets, and a very dated orange/terracotta tile backsplash, suggesting a renovation that is likely 15-30 years old. While functional, the property requires substantial modernization, particularly in the kitchen and likely the bathrooms (though not clearly pictured), and potential updates to major systems as indicated by the property analysis.
Pros & Cons

Pros

Owner-User & Rent Control Exemption: A 2-Bedroom unit is delivered vacant for immediate owner occupancy, making the entire property completely exempt from Santa Monica Rent Control, a significant advantage in this market.
Significant ADU Development Potential: Preliminary approved plans for two additional townhouse-style ADUs (2-Beds, 2.5-Baths each) offer substantial upside potential for increased rental income and property value.
Strong Income Generation: The existing triplex, combined with an additional storage space generating $1,000 per month, provides immediate and diversified income streams.
Desirable Unit Mix: The property features an ideal unit mix of three 2-Bedroom + 1-Bath units, appealing to a broad tenant base, and all units include washer and dryer hookups.
Prime Santa Monica Location: Situated in a prime Santa Monica location near major streets, neighborhood amenities, and transit options, ensuring high rental demand and long-term appreciation.

Cons

Age of Property: Built in 1938, the existing structures may require significant capital expenditure for updates to systems (e.g., plumbing, electrical, HVAC) or general modernization.
Development Costs & Time: While ADU plans are approved, the actual construction will involve substantial financial investment and time, which could be a barrier for some investors.
Parking Limitations: The property offers tandem parking and permitted street parking, which may not be ideal for all tenants and could lead to parking challenges in a multi-unit setting.

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