Santa Monica, CA 90404,1427 Euclid St #6
Santa Monica, CA 90404,1427 Euclid St #6
Santa Monica, CA 90404,1427 Euclid St #6
Santa Monica, CA 90404,1427 Euclid St #6
Santa Monica, CA 90404,1427 Euclid St #6
Santa Monica, CA 90404,1427 Euclid St #6
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$ 2,195,000
Est. payment | /mo

8 Baths

3,462 SqFt


Save
$ 2,195,000
Est. payment | /mo
Save

8 Baths

3,462 SqFt

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

TheMLS (CLAW)
Listed by Paloma Realty Partners, Inc.

GET MORE INFORMATION

Name

Phone*

Message

Kenny Bellini

+1(310) 749-9092

kenny@kennybellini.com

Go tour this home

1427 Euclid St #6

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