Property Detail
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.
Map Location
Listing provided courtesy of Adam Kanizo of Paloma Realty Partners, Inc.. Last updated 2025-07-16 08:11:19.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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