$2,195,000

1427 Euclid St Unit 6 Santa Monica, CA 90404

Pico Neighborhood

Estimated payment $12,407/month

Total Views 273
-- Bed
8 Baths
3,462 Sq Ft
$634 Price per Sq Ft

Highlights

  • Laundry Facilities
  • McKinley Elementary School Rated A
  • 3-minute walk to Euclid Park

About This Home

1427 Euclid St presents a rare opportunity to acquire a value-add 6-unit multifamily property in Santa Monica. With potential for 2 additional ADUs, the asset is ideal for investors looking to renovate, reposition, and capitalize on upside in a high-demand rental market. Upon ADU completion an investor will have obtained an in place 8.05% cap rate without any additional improvements or rent increases being accounted for. One garage is currently being rented for $400 per month as storage. Situated on a nearly 7,483 SF R3-zoned lot, the property offers spacious units, strong existing cash flow, and significant potential upside through rental increases and future development. Just off Santa Monica Blvd, residents enjoy proximity to major employers, retail, transit, and the beach with easy access to freeways and Metro lines.

Listing Agent

Adam Kanizo

Paloma Realty Partners, Inc. License #02008361 Listed on: 07/09/2025

Co-Listing Agent

Oliver Fries

Paloma Realty Partners, Inc. License #01891656

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,425

Year Built

  • Built in 1949

Lot Details

  • 7,483 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 8 Bathrooms
  • 3,462 Sq Ft Home
  • 2-Story Property
  • Dishwasher

Listing and Financial Details

  • Assessor Parcel Number 4282-022-020

Community Details

Overview

  • 5 Buildings
  • 6 Units

Additional Features

  • Laundry Facilities
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,425

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3462
  • Lot Acreage: 0.1718
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Community
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 634.03

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 31.42
  • Assessed Improvement Value: 47559
  • Assessed Land Percent: 68.58
  • Assessed Land Value: 103800
  • Total Assessed Value: 151359
  • Assessor Parcel Number: 4282-022-020
  • Lot Size Area: 7483

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.98
  • Number Of Units: 6
  • Total Annual Expense: 57633
  • Type Of Units: Bungalows
  • Vacancy Rate: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,425 $151,359 $103,800 $47,559
2023 $3,375 $148,392 $101,765 $46,627
2022 $3,315 $145,483 $99,770 $45,713
2021 $3,196 $142,631 $97,814 $44,817
2019 $3,134 $138,403 $94,914 $43,489
2018 $2,925 $135,690 $93,053 $42,637
2016 $2,737 $130,423 $89,441 $40,982
2015 $2,701 $128,465 $88,098 $40,367
2014 $2,725 $125,950 $86,373 $39,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $2,195,000 -- $634 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,220,000 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,075,000 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 25563147

The MLS

APN: 4282-022-020