Santa Monica, CA 90404
$2,225,000
Mark Quesada
Broker / Owner
DRE #02101365
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.
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$16,421/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Interior
Construction
Lot & parking
$1,112,500
Median sale price
55 days
Avg days on market
98.0% of list
Sells for
Closed sales in 90404 over the last 6 months, all home types.
Listed by Adam Kanizo, Paloma Realty Partners, Inc.
Co-listed by Oliver Fries, Paloma Realty Partners, Inc.
MLS# 26637121 · Active
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
