See all 11 photos
11 photos
$3,770,000
$3,850,000 2.1%
Est. payment /mo
16 Beds
16 Baths
12,159 SqFt
UPDATED:
Key Details
Sold Price $3,770,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 12,159 sqft
Price per Sqft $310
MLS Listing ID 25529209
Sold Date 06/24/25
Bedrooms 16
HOA Y/N No
Year Built 1974
Property Description
**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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating Central
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Common Area
Exterior
Parking Features Door-Single, Underground, Garage
Total Parking Spaces 13
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4282022021
Special Listing Condition Standard
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Listed by Adam Kanizo Paloma Realty Partners, Inc.
Bought with Chase Simonton RE/MAX One
Bought with Chase Simonton RE/MAX One
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