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
Property listed by Paloma Realty Partners, Inc., Adam Kanizo 310-392-2436
Listing Snapshot
Days Online
50
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
$886k
-1%
(avg) sold price
5
+25%
homes sold
57
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1949, Building area total: 3,462, Levels: Two, Living area: 3462, 2 stories, 5 buildings
Cooling
None
Income
Gross income: $169,104, Net operating income: $111,198
Laundry
CommonArea
Lot
0.1718 acres, 7,483 square feet, Size: 7,483
Parking
4 totals parking, DoorSingle, Garage
Property
Zoning: SMR3*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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