1423 Euclid St Immeuble residentiel 11 lots 3 331 405 € (302 855 €/Lot) Taux de capitalisation 5,55 % Santa Monica, CA 90404

**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