1427 Euclid St #6 Active Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90404
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $634
MLS Listing ID 25563147
Year Built 1949
Lot Size 7,483 Sqft
Acres 0.1718
Property Sub-Type Multi-Family
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 Santa Monica
Zoning SMR3*
Rooms
Other Rooms None
Interior
Heating Other
Cooling None
Equipment Dishwasher
Laundry Community
Exterior
Parking Features Garage - 1 Car
Garage Spaces 4.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard