1427 Euclid St, Santa Monica, CA 90404
1427 Euclid St, Santa Monica, CA 90404
1427 Euclid St, Santa Monica, CA 90404
1427 Euclid St, Santa Monica, CA 90404
1427 Euclid St, Santa Monica, CA 90404
1427 Euclid St, Santa Monica, CA 90404
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Derek Reilly

Derek Reilly

+1(310) 902-2909
$ 2,275,000
Est. payment | /mo

8 Baths

3,462 SqFt

Save
$ 2,275,000
Est. payment | /mo
Save

8 Baths

3,462 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,462 sqft

Price per Sqft $657

MLS Listing ID 26637121

Year Built 1949

Lot Size 7,483 Sqft

Acres 0.1718

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Interior

Heating Other

Cooling None

Equipment Dishwasher

Laundry Community

Exterior

Parking Features Garage - 1 Car, Assigned, Controlled Entrance

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

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 ©2026 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.

Nearby Locations

Derek Reilly

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

+1(310) 902-2909

derek@westsidederek.com

4215 Highland Ave, Manhattan Beach, California, 90266, USA

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1427 Euclid St