CA > Santa Monica
Santa Monica, CA 90404,1423 Euclid St
Santa Monica, CA 90404,1423 Euclid St
Santa Monica, CA 90404,1423 Euclid St
Santa Monica, CA 90404,1423 Euclid St
Santa Monica, CA 90404,1423 Euclid St
Santa Monica, CA 90404,1423 Euclid St
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Candice Culen

Candice Culen

+1(877) 976-5348
$ 3,850,000
Est. payment | /mo

16 Beds

16 Baths

12,159 SqFt

Save
$ 3,850,000
Est. payment | /mo
Save

16 Beds

16 Baths

12,159 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 12,159 sqft

Price per Sqft $316

MLS Listing ID 25529209

Bedrooms 16

Year Built 1974

Lot Size 7,513 Sqft

Acres 0.1725

Property Sub-Type Multi-Family

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 Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Interior

Heating Central

Cooling None

Equipment Refrigerator, Dishwasher, Range/Oven

Laundry Community

Exterior

Parking Features Subterranean, Garage - 1 Car

Garage Spaces 13.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Paloma Realty Partners, Inc.
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3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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1423 Euclid St