Homes for sale - 1423 Euclid ST, Santa Monica, CA 90404

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CJ Chacon

cj@charleschacon.com +1(951) 283-7008

$ 3,850,000

Est. payment | -/mo

16 Beds

16 Baths

12,159 SqFt

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$ 3,850,000

Est. payment | -/mo

Save

16 Beds

16 Baths

12,159 SqFt

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

**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

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

Total Parking Spaces 13

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.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 283-7008

cj@charleschacon.com

765 N Main St, Corona, California, 92880, USA

1423 Euclid ST Santa Monica, CA 90404