1836 Euclid Street, Santa Monica, California 90404, Santa Monica, 90404 - 6 bed, 3 bath

1836 Euclid Street, Santa Monica, California 90404 home-pic-0
ACTIVE$1,950,000
1836 Euclid Street, Santa Monica, California 90404
6Beds
3Baths
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
SB25227854
Home ConditionFair
Features
Patio
View

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.95M(50th), sqft - 2751(90th), beds - 6(90th), baths - 3(70th).

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 being aged but maintained. The vacant unit's kitchen features white appliances, laminate countertops, and a dated tile backsplash, suggesting a renovation that is likely 15-25 years old. While the interior appears clean with updated flooring and paint, the overall style is outdated. The listing description explicitly notes the 'Age of Property & Potential for Deferred Maintenance' regarding older systems (plumbing, electrical), indicating that major components are functional but show signs of being outdated and may require future capital expenditure. No bathroom images were provided, but it's reasonable to assume a similar condition to the kitchen. The property requires minor updates to meet current aesthetic and functional standards.
Pros & Cons

Pros

Owner-User & Rent Control Exemption: A vacant 2-bedroom unit is immediately available for owner occupancy, making the entire property exempt from Santa Monica Rent Control, offering significant financial and lifestyle flexibility.
High-Value ADU Development Potential: Preliminarily approved plans for two additional townhouse-style ADUs (2-bed, 2.5-bath each) provide substantial upside for increased rental income and property value upon completion.
Robust Income Streams: The property features an ideal unit mix of three 2-bedroom + 1-bath units, plus an additional storage space generating $1,000 per month, ensuring diverse and strong current income.
Prime Santa Monica Location: Strategically located near major streets, neighborhood amenities, and transit options, enhancing its desirability for both residents and investors in a high-demand area.
Desirable Unit Amenities & Parking: All units include convenient washer and dryer hookups, and the property offers tandem parking along with ample permitted street parking, adding significant tenant appeal.

Cons

Age of Property & Potential for Deferred Maintenance: Built in 1938, the existing structures may have older systems (e.g., plumbing, electrical) that could require significant capital expenditure for updates or repairs in the near future.
Construction Disruption Risk: While ADU development is a major strength, the actual construction process will likely cause noise, inconvenience, and potential disruption for existing tenants or the owner-occupant.
Tandem Parking Inconvenience: The property's reliance on tandem parking, while providing spaces, can be less convenient for residents compared to independent parking, potentially impacting tenant satisfaction.

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