11
See all 11 photos
$3,850,000
Est. payment /mo
16 Beds
16 Baths
12,159 SqFt
New
1423 Euclid ST Santa Monica, CA 90404
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,159 sqft
Price per Sqft $316
MLS Listing ID 25529209
Bedrooms 16
HOA Y/N No
Year Built 1974
Lot Size 7,514 Sqft
Property Description
Located in one of LA's most desirable rental markets, 1423 Euclid St is a rare opportunity to acquire a cash-flowing, oversized11-unit multifamily asset with substantial embedded value. The property sits on a 7,159 SF R3-zoned lot and totals 12,159SF, with spacious floor plans averaging ~1,100 SF per unit a premium offering for Westside renters.Currently generating solid returns with an in place 5.23% cap rate, the property allows for 2 additional ADUs, which push returns to 6.71% post-completion without factoring in rent escalations or further value extraction. This makes 1423 Euclid an attractive hold for both yield-focused and value-add investors.Ideally positioned just off Santa Monica Blvd, the property offers residents immediate access to major employers, transit lines, local amenities, and the beach all within minutes. With a blend of in-place income, development upside, and prime location, 1423 Euclid checks all the boxes for long-term multifamily growth.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating Central
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Common Area
Exterior
Parking Features Door-Single, Underground, Garage
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4282022021
Special Listing Condition Standard
Listed by Adam Kanizo • Paloma Realty Partners, Inc.
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