1427 Euclid Street

Property Overview

NOW PRICED AT AN IN PLACE 5.8% 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 7.7% 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.

Home Details

Property type: Residential Income
Year built: 1949
Living area: 3,462 sq ft
Lot size: 7,483 sq ft
Parking: 4 spaces
Garage: 4 spaces
Stories: 2
Days on market: 247
MLS status: Active
Zoning: SMR3*

Features & Amenities

Appliances

Dishwasher

Parking

Assigned
Controlled Entrance
Door Single
Garage

Community, Schools & Utilities

Utilities

Cooling: None

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Location & Neighborhood

Santa Monica, CA 90404

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Frequently Asked Questions About 1427 Euclid Street

Property type: Residential Income

The current asking price is $2,225,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1427 Euclid Street. Our team will confirm availability and timing.

This 8 bathrooms property offers approximately 3,462 square feet of living space. It was built in 1949. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Santa Monica, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Santa Monica property.

The MLS currently reports the property as Active. It has been listed for 247 days. Status can change, so verify availability before relying on it.