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$ 2,195,000
Est. payment /mo
New
1427 Euclid ST #6 Santa Monica, CA 90404
8 Baths
3,462 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $634
MLS Listing ID 25563147
HOA Y/N No
Year Built 1949
Lot Size 7,483 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Cooling None
Fireplace No
Appliance Dishwasher
Laundry Common Area
Exterior
Parking Features Door-Single, Garage
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4282022020
Special Listing Condition Standard
Listed by Adam Kanizo Paloma Realty Partners, Inc.
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