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… Read More 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. Read Less
Courtesy of Paloma Realty Partners, Inc. 310-392-2436
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Square Ft.
3,462
Lot Size
0.17 Acres
Year Built
1949
MLS Number
25563147
30 Days Snapshot Of 90404
$1.10M
+1%
(avg) sold price
6
0%
homes sold
84
+16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher
Building
3,462 sq ft, Built in 1949, Levels: Two
Cooling
None
Disclosures
None
Garage
Garage - 1 Car
Laundry
Community
Lot
LotAcreage: 0.1718, LotSizeArea: 7,483
Parking
TotalParking: 4
Property
NumberOfUnits: 6, Zoning: SMR3*
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