1423 Euclid st, Santa Monica, CA 90404
Pending
$3,850,000
11 Units
16 Beds
16 Baths
12,159 Area(sq.ft.)
Lot: 7,513 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | studio | 1 | No | $ 2,550 | $ 4,404 | $ 5,100 |
| Unit 2 | 4 | 1 | 1 | No | $ 2,750 | $ 9,671 | $ 11,000 |
| Unit 3 | 5 | 2 | 2 | No | $ 3,930 | $ 12,303 | $ 19,650 |
| 11 | 14 | 16 | $ 35,750 | $ 109,007 | $ 152,450 |
| MLS #: | 25529209 |
| Days On Market: | 228 |
| Listing Date: | April 22, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 317 |
| Price per unit: | $ 350,000 |
| Year Built: | 1974 |
Property Details
**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.Interested in this Listing?
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Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 308,245 |
| Total Annual Expense: | $ 94,689 |
| Net Operating Income: | $ 213,556 |
| Gross Annual Income: | $ 316,541 |
| Cap Rate: | 5.55% |
| Gross Rent Multiplier: | 12.16 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | SMR3* |
| Parking Garage: | Subterranean, Garage - 1 Car |
| Total Parking: | 13 |
Interior
| AC/Cooling: | None |
| Equipment: | Refrigerator, Dishwasher, Range/Oven |
| Heating: | Central |
| Laundry: | Community |
Exterior
Detailed Map
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Income
