Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 16 BR |
| Bathrooms: | 16 |
| Area: | 7513 sq ft |
| Lot Size: | 0.17 Acres |
FinancialsPrice:$3,850,000
DescriptionLocated in one of LA's most desirable rental markets, 1423 Euclid St is a rare opportunity to acquire a cash-flowing, oversized11-unit multifamily asset with substantial embedded value. The property sits on a 7,159 SF R3-zoned lot and totals 12,159SF, with spacious floor plans averaging ~1,100 SF per unit a premium offering for Westside renters.Currently generating solid returns with an in place 5.23% cap rate, the property allows for 2 additional ADUs, which push returns to 6.71% post-completion without factoring in rent escalations or further value extraction. 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.
NeighborhoodMore listings:
Located in one of LA's most desirable rental markets, 1423 Euclid St is a rare opportunity to acquire a cash-flowing, oversized11-unit multifamily asset with substantial embedded value. The property sits on a 7,159 SF R3-zoned lot and totals 12,159SF, with spacious floor plans averaging ~1,100 SF per unit a premium offering for Westside renters.Currently generating solid returns with an in place 5.23% cap rate, the property allows for 2 additional ADUs, which push returns to 6.71% post-completion without factoring in rent escalations or further value extraction. 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.
1423 Euclid St 16.0 Santa Monica LA
DescriptionLocated in one of LA's most desirable rental markets, 1423 Euclid St is a rare opportunity to acquire a cash-flowing, oversized11-unit multifamily asset with substantial embedded value. The property sits on a 7,159 SF R3-zoned lot and totals 12,159SF, with spacious floor plans averaging ~1,100 SF per unit a premium offering for Westside renters.Currently generating solid returns with an in place 5.23% cap rate, the property allows for 2 additional ADUs, which push returns to 6.71% post-completion without factoring in rent escalations or further value extraction. 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.
NeighborhoodMore listings:
Located in one of LA's most desirable rental markets, 1423 Euclid St is a rare opportunity to acquire a cash-flowing, oversized11-unit multifamily asset with substantial embedded value. The property sits on a 7,159 SF R3-zoned lot and totals 12,159SF, with spacious floor plans averaging ~1,100 SF per unit a premium offering for Westside renters.Currently generating solid returns with an in place 5.23% cap rate, the property allows for 2 additional ADUs, which push returns to 6.71% post-completion without factoring in rent escalations or further value extraction. 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.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
