$2,275,000
 $12,213 est/mo Sourced by Back At You

1427 Euclid Street,Santa Monica, CA 90404

Santa Monica, CA 90404

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Description

NOW PRICED AT AN IN PLACE 5.6% CAP RATE! 1427 Euclid Street presents a rare opportunity to acquire a high-performing 6-unit multifamily property in Santa Monica with meaningful ADU and income upside. The property features four detached bungalow units and two units above four garages, creating an exceptional layout for garage-to-ADU conversion. Upon completion of the ADUs, the property is projected to achieve an in-place 7.4% cap rate without factoring in any rent increases or unit upgrades. One of the garages is already generating $400 per month as a rented storage unit. The sellers have recently completed foundation upgrades, providing investors with confidence in the building's structural integrity and long-term durability.Located on a 7,483 SF R3-zoned lot, the property offers spacious units, strong existing cash flow, and multiple value-add pathways, including both ADU development and future rent growth. Situated just off Santa Monica Boulevard, residents enjoy excellent walkability and connectivity to major employers, retail, transit, and the beach, with convenient access to both freeways and Metro lines.

Details

MLS #26637121
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site231
Listing Provided ByPaloma Realty Partners, Inc. | Adam Kanizo

Features

Bath(s)8
SQ Feet3,462
Garage4
Story(s)2
Units6
Building(s)5
ZoningSMR3*
Acreage0.17

Interior

CoolingNone
Cooling Yes / NoNo
AppliancesDishwasher

Parking

Parking FeaturesAssigned, Controlled Entrance, Door Single, Garage
Garage Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90404
AreaC14 Santa Monica
Listing VS Median (in 90404)
Price:
$2,275,000
low | high
Med:
$2,375,000
45.604395604396% of Average
sqft:
3,462
low | high
Med:
5,809
17.793183131138% of Average
$ / sqft:
$657
low | high
Med:
$458
80.298908426929% of Average
On site:
231
low | high
Med:
9.5
100% of Average
Sourced by Back At You

Market Activity 90404

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90404
AreaC14 Santa Monica
Listing VS Median (in 90404)
Price:
$2,275,000
low | high
Med:
$2,375,000
45.604395604396% of Average
sqft:
3,462
low | high
Med:
5,809
17.793183131138% of Average
$ / sqft:
$657
low | high
Med:
$458
80.298908426929% of Average
On site:
231
low | high
Med:
9.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.76M - $2.843M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
1513 17th St Property Photo 1
$2,100,000
1513 17th St
Santa Monica, CA 90404
1124 12th Street Property Photo 1
$3,295,000
1124 12th Street
Santa Monica, CA 90403
Listing Updated: August 21, 2026 at 10:54:21 PM PDT
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