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.
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
4/23/2025
|
|
YEAR BUILT
|
1974
|
COMMUNITY
|
Santa Monica
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Dishwasher, Refrigerator |
| AREA |
Santa Monica |
| GARAGE |
Door-Single, Garage, Underground, Yes |
| HEAT |
Central |
| LOT |
7513 sq ft |
| PARKING |
Door-Single,Underground,Garage |
| STORIES |
3 |
| ZONING |
SMR3* |
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Listed with Paloma Realty Partners, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/25 3:59 AM PDT 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
This IDX solution is (c) Diverse Solutions 2025.
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