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1423 Euclid Street

Santa Monica, CA 90404

– beds
– baths
– sqft
7,513 sqft lot
1974 build
– on site

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.

Listed By CRMLS_CA / Adam Kanizo / Paloma Realty Partners, Inc.

Last checked: Checking… • Last updated Apr 23, 2025 •

MLS# 25529209 —

The Building

Year Built:

1974
New Construction:

No
Building Area Total:

12159.00
Total Number Of Units:

11
# of Buildings:

1
Stories Total:

3

Interior

Levels:

Multi/Split
Laundry:

Community
Laundry:

1

Location

Directions:

Euclid & Santa Monica
Latitude:

34.02301400
Longitude:

-118.48575700

The Property

Property Type:

Residential Income
Zoning:

SMR3*
Lot Size Area:

7513.0000
Lot Size Acres:

0.1725
Lot Size SqFt:

7513.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4282022021

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

No
Cooling:

None

Appliances

Appliances:

Dishwasher, Refrigerator
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Subterranean, Garage - Single Door

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/23/25 Apr 23, 2025	Listed / Active	CRMLS_CA	$3,850,000	-26.2% (-23.9% / YR)
2/18/25 Feb 18, 2025	Price Changed	CRMLS_CA
12/3/24 Dec 3, 2024	Price Changed	CRMLS_CA

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This multifamily located in Silicon Beach, Santa Monica, CA 90404 is currently for sale for $3,850,000. 1423 Euclid Street is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 1423 Euclid Street is in the Silicon Beach neighborhood of Santa Monica and has a WalkScore® of 90, making it a walker’s paradise.

Listing Courtesy of: CRMLS_CA and Paloma Realty Partners, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 15:54 on Apr 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.