1423 Euclid Street, Santa Monica, CA 90404

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.