712 Pacific St - Apartments FOR SALE


Santa Monica, CA 90405- Ocean Park
$3,178,000 USD
310-801-3442
712 Pacific St, Santa Monica, CA for Sale
$3,178,000 USD
Apartments - FOR SALE
1/31
null | 5.36% Cap Rate

712 Pacific St
Santa Monica, CA 90405
Ocean Park


OVERVIEW

Welcome to 712 Pacific Street in Ocean Park. Built in 1987 and in excellent condition, this well-maintained 4-Unit property offers a compelling combination of lifestyle and investment appeal. All units have been recently remodeled and feature in-unit laundry, central HVAC, private balconies/patios, and convenient side-by-side gated parking. The highly desirable unit mix adds to the property’s appeal, while one unit will be delivered vacant, creating the flexibility to owner-occupy or lease it at market rates. Significant capital improvements provide additional peace of mind, including a new flat roof installed in 2023, all-new HVAC systems in every unit installed in 2023/2024, all new windows in 2013, and the completion of all recommended SB 326 work in 2025. The units are not subject to Santa Monica Rent Control. AB 1482 does apply. Close to hip and trendy shops, coffee, and eateries like Cobi's, Cedar One Coffee Bar, Local Kitchen + Wine Bar, Thyme Bakery, Bob’s Market, and Trader Joe’s. Also, not far from SMC, UCLA, LMU, and OTIS College of Design. And when it’s time to trade the spreadsheets for some sunshine, the world-famous Strand bike path is just a short ride away. Invest confidently in the Ocean Park lifestyle with a 4-Unit property that feels as relaxed and effortlessly cool as the neighborhood itself. With its vibrant beach-town energy, cool ocean breezes, and coveted coastal marine layers, 712 Pacific Street offers an outstanding combination of lifestyle appeal, quality improvements, flexibility, and investment potential.

FOR SALE DETAILS

PRICE

$3,178,000 USD

PRICE/SF

$553 USD /SF

# OF UNITS

4

PRICE/UNIT

$794,500

CAP RATE

5.36%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

712 Pacific St. Santa Monica CA 90405

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

SMOP2*

APN/PARCEL ID

4289-001-015

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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Tim ByrneCOMPASS CommercialMore Info
310-801-3442

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.