$6,590,000
SOLD AUG 1, 2024

1518 Euclid St Santa Monica, CA 90404

Pico Neighborhood
38 Beds
40 Baths
20,276 Sq Ft
0.34 Acres

Recently Sold

$325 Per Sq Ft

6% Below List Price

81 Days on Market

Highlights

  • 0.34 Acre Lot
  • Subterranean Parking
  • 3-minute walk to Euclid Park
  • McKinley Elementary School Rated A

About This Home

As of August 2024

We are pleased to exclusively offer for sale 1518-22 Euclid Street, First time on the market since the owner built the twenty-unit apartment complex in 1970. The property boasted a favorable unit mix of sixteen (16) two-bedroom two-bathroom units, two (2) three-bedroom two and a half-bathroom units, and two (2)one-bedroom and one bathroom units. 1518-22 Euclid Street is a prime investment opportunity for investors.1518-22 Euclid Street is a prime investment opportunity located in the highly sought-after market of Santa Monica. Situated less than a mile away from the iconic Santa Monica Pier and just minutes from the vibrant 3rd Street Promenade, this property offers convenience, lifestyle, and potential for strong returns. Just completed a complete re-roof that cost $100,000 and also recently installed a new water-main.

Last Agent to Sell the Property

John Boyett

CBRE License #02056759 Listed on: 05/10/2024

Last Buyer's Agent

John Boyett

CBRE License #02056759 Listed on: 05/10/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot

Interior Spaces

  • 20,276 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 38 Bedrooms
  • 40 Bathrooms

Parking

  • Carport
  • Subterranean Parking

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 4282-032-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 20276
  • Lot Acreage: 0.3442
  • Year Built: 1970
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 38
  • Total Bathrooms: 40.00
  • Price Per S Q F T: 345.24

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Garage Is Attached, Subterranean

Lot Info

  • Assessed Improvement Percent: 77.53
  • Assessed Improvement Value: 676333
  • Assessed Land Percent: 22.47
  • Assessed Land Value: 196040
  • Total Assessed Value: 872373
  • Assessor Parcel Number: 4282-032-031
  • Lot Size Area: 14993

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.81
  • Number Of Units: 20
  • Total Annual Expense: 209765
  • Type Of Units: Dwelling
  • Vacancy Rate: 3

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2025 06/01/25 Off Market $3,195 -- --
05/07/2025 05/07/25 For Rent $3,195 0.0% --
04/25/2025 04/25/25 Off Market $3,195 -- --
04/04/2025 04/04/25 Price Changed $3,195 -1.5% $3 / Sq Ft
03/13/2025 03/13/25 Price Changed $3,245 -4.4% $3 / Sq Ft
03/12/2025 03/12/25 Price Changed $3,395 -2.9% $3 / Sq Ft
03/12/2025 03/12/25 Price Changed $3,495 0.0% $3 / Sq Ft
03/12/2025 03/12/25 For Rent $3,495 +6.1% --
03/05/2025 03/05/25 Off Market $3,295 -- --
01/21/2025 01/21/25 Price Changed $3,295 +3.1% $3 / Sq Ft
12/11/2024 12/11/24 Price Changed $3,195 -1.5% $3 / Sq Ft
12/05/2024 12/05/24 For Rent $3,245 0.0% --
12/04/2024 12/04/24 Off Market $3,245 -- --
11/22/2024 11/22/24 For Rent $3,245 0.0% --
08/01/2024 08/01/24 Sold $6,590,000 -5.9% $325 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $7,000,000 -- $345 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Boyett

    Seller's Agent in 2024

    John Boyett

    CBRE

    (707) 815-7472

    1 in this area

    8 Total Sales

    John Boyett
    Section Image
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Map

Source: The MLS

MLS Number: 24-390411

The MLS

California Los Angeles County Santa Monica 90404 Pico

1518 Euclid St, Santa Monica, CA

This home is located at 1518 Euclid St, Santa Monica, CA 90404 and is currently priced at $6,590,000, approximately $325 per square foot. This property was built in 1970. 1518 Euclid St is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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