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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.
Property Type(s):
Residential Income
| Last Updated | 7/9/2025 | Year Built | 1949 |
|---|---|---|---|
| Community | C14 - Santa Monica | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher |
| AREA | C14 - Santa Monica |
| GARAGE | Yes |
| LOT | 7484 sq ft |
| PARKING | Garage |
| STORIES | 2 |
Location
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Listed with Paloma Realty Partners, Inc.
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