1427 Euclid Street 6

Santa Monica , CA 90404

MLS#: 25563147

$2,195,000

Status: Active
Listing number: 25563147
Listing provided by: Paloma Realty Partners, Inc.
Listing agent phone: None
Last update: 25 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1949

Sq.Footage

3,462

1427 Euclid St presents a rare opportunity to acquire a value-add 6-unit multifamily property in Santa Monica. With potential for 2 additional ADUs, the asset is ideal for investors looking to renovate, reposition, and capitalize on upside in a high-demand rental market. Upon ADU completion an investor will have obtained an in place 8.05% cap rate without any additional improvements or rent increases being accounted for. One garage is currently being rented for $400 per month as storage. Situated on a nearly 7,483 SF R3-zoned lot, the property offers spacious units, strong existing cash flow, and significant potential upside through rental increases and future development. Just off Santa Monica Blvd, residents enjoy proximity to major employers, retail, transit, and the beach with easy access to freeways and Metro lines.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    N/A

Exterior

  • Garage

    No

  • Parking

    Garage

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1718

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,195,000

  • Sq. Footage

    3, 462

  • Price/SqFt

    $634

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Adam Kanizo , Paloma Realty Partners, Inc.

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1427 Euclid St presents a rare opportunity to acquire a value-add 6-unit multifamily property in Santa Monica. With potential for 2 additional ADUs, the asset is ideal for investors looking to renovate, reposition, and capitalize on upside in a high-demand rental market. Upon ADU completion an investor will have obtained an in place 8.05% cap rate without any additional improvements or rent increases being accounted for. One garage is currently being rented for $400 per month as storage. Situated on a nearly 7,483 SF R3-zoned lot, the property offers spacious units, strong existing cash flow, and significant potential upside through rental increases and future development. Just off Santa Monica Blvd, residents enjoy proximity to major employers, retail, transit, and the beach with easy access to freeways and Metro lines.

1427 Euclid Street 6

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