28
See all 28 photos
$2,395,000
Est. payment /mo
8 Beds
5 Baths
4,646 SqFt
Open Sun 2PM-5PM
1044 Pacific ST Santa Monica, CA 90405
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Open House
Sun Apr 26, 2:00pm - 5:00pm
Tue Apr 28, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,646 sqft
Price per Sqft $515
MLS Listing ID 26774525
Bedrooms 8
HOA Y/N No
Year Built 1963
Lot Size 6,486 Sqft
Property Description
An exceptional opportunity to own a classic Post & Beam 5-unit income property in mostly original, well-maintained condition. Situated on a quiet residential street in one of Santa Monica's most sought-after neighborhoods, this property is ideally suited for both investors and owner-users. Each unit features its own private balcony and covered parking space with additional storage, while an on-site laundry room adds everyday convenience. Upper units enjoy treetop views, floor-to-ceiling windows, and abundant natural light, enhancing the architectural appeal. Original wood paneling and signature glass elements remain intact, offering a rare opportunity for Post & Beam enthusiasts to own a property with authentic mid-century character.With one unit currently vacant (previously rented at $3,200/month), the property offers immediate upside through lease-up and the potential to enhance long-term returns. Once fully rented, the asset supports a cap rate of approximately 5%, in line with Santa Monica market expectations. Relatively low operating costs, combined with significant recent capital improvementsincluding approximately $181,000 invested in new balconies and stairs (fully inspected and approved), as well as upgraded electrical panels in all unitscreate a compelling blend of stability and future growth. Located near Santa Monica College and just over a mile from Main Street and Santa Monica Beach, the property offers the best of Westside living. Enjoy close proximity to the vibrant dining and retail scenes of Abbot Kinney and Ocean Park's popular "Mini Kinney," making this a highly desirable rental location with consistently strong demand. With low vacancy rates, excellent tenant appeal, and clear upside potential, this gem of a property represents a standout long-term investment in a location that is hard to beat!
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Parking Features Attached Carport, Carport
Carport Spaces 6
Pool None
Porch Deck, Enclosed
Total Parking Spaces 6
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4284013009
Special Listing Condition Standard
Listed by Janet Heinzle Douglas Elliman of California, Inc. #02080077
Nearby Locations
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