11
See all 11 photos
$3,850,000
Est. payment /mo
12,159 SqFt
Active
1423 Euclid Street Santa Monica, CA 90404
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,159 sqft
Price per Sqft $316
MLS Listing ID CL25529209
HOA Y/N No
Year Built 1974
Lot Size 7,513 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
**Updated Financials & delivered with additional vacant unit.** Located in one of LA's most desirable rental markets, 1423 Euclid St is a rare opportunity to acquire a cash-flowing, oversized 11-unit multifamily asset with substantial embedded value. The property sits on a 7,159 SF R3-zoned lot and totals 12,159 SF, with spacious floor plans averaging ~1,100 SF per unit a premium offering for Westside renters. Currently generating solid returns with an in place 5.55% cap rate, the property allows for 2 additional ADUs, which push returns close to a 7% cap rate post-completion without factoring in rent escalations or further value extraction.The property has an assumable $1,975,000 interest only mortgage with JP Morgan Chase at 6.44% fixed for 5 years. Please inquire for more information. 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
Zoning SMR3
Interior
Heating Other
Cooling None
Fireplace No
Laundry Community Facility
Building
New Construction No
Others
Tax ID 4282022021
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Adam Kanizo • Paloma Realty Partners, Inc.