1427 Euclid Street, Santa Monica, CA 90404

Santa Monica
Local realty services provided by:ERA Carlile Realty Group
1427 Euclid Street,Santa Monica, CA 90404
$2,275,000
  • - Beds
  • 8 Baths
  • 3,462 sq. ft.
  • Multi-family
  • Active
Listed by: adam kanizo, oliver fries
Office: paloma realty partners, inc.310-392-2436
MLS#:26637121
Source:CRMLS

Price summary

  • Price:$2,275,000
  • Price per sq. ft.:$657.13

About this home

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...

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Home facts

  • Year built:1949
  • Listing ID #:26637121
  • Added:121 day(s) ago
  • Updated:May 15, 2026 at 10:47 AM

Rooms and interior

  • Total bathrooms:8
  • Kitchen Description:Dishwasher
  • Living area:3,462 sq. ft.

Structure and exterior

  • Year built:1949
  • Building area:3,462 sq. ft.
  • Lot area:0.17 Acres
  • Exterior Features:Enclosed, FrontPorch
  • Levels:2 Story

Finances and disclosures

  • Price:$2,275,000
  • Price per sq. ft.:$657.13

Features and amenities

  • Appliances:Dishwasher

Parking

  • Total parking spaces:4
  • Parking description:Assigned, Controlled Entrance, Door-Single, Garage
  • Garage:Yes
  • Garage spaces:4
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