$ 2,195,000
-
$2,195,000
Price -
3
Bed -
3
Bath -
3,462
SqFt
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About the Listing CLW-X80545 - CLW-C132313,CLW-C112189
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.
Listing Highlights for 1427 Euclid St
Status
Active
Days on Site
58
Property Type
Multi-Family
MLS ®
25563147
Year Built
1949
Total Square Footage
3,462
Lot/Acreage
0.17
County
Los Angeles
Area
C14 - Santa Monica
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Dishwasher
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: SMR3*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Garage - Single Door
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4282022020
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Listing Location
Questions About..
1427 Euclid St Santa Monica, CA 90404
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