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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50381025
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 8
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Dishwasher
Cooling Features
- None
- Air Conditioning
-
Exterior Features
Building Information
- Year Built: 1949
- Building Area Total: 3,462
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1718
- Lot Size Source: Assessor
- Lot Size Square Feet: 7483
-
Listing Information
Listing Price Information
- Original List Price: 2,195,000
- Listing Contract Date: 2025-07-09
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4282022020
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Door-Single,Garage
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C14 - Santa Monica
- Directions: Euclid St & Pico Blvd
- Zoning: SMR3*
- Source Property Type: Residential Income
- Area: C14 - Santa Monica
Building and Construction
- Property Age: 76
- Year Built Source: Assessor
- Total Square Feet Living: 3462
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 07/25/2025 @ 20:06
- MLS: 25563147
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 3,462 sqft, 7,483 sized lot, and 0 parking. are nearby neighborhoods.