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Scott Price

712 Pacific St. Santa Monica CA 90405

$3,178,000 712 Pacific St. , Santa Monica, CA 90405

Welcome to 712 Pacific Street in Ocean Park. Built in 1987 and in excellent condition, this stunning property IS NOT SUBJECT TO SANTA MONICA RENT CONTROL! This well-maintained property offers a compelling combination of occupancy flexibility 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. 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. Unit #2 is currently available for lease @ $5,295 per month.

  • For Sale
    Status
  • 11
    Bedrooms
  • 8
    Bathrooms
  • 1987
    Year Built
  • 5,744 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 5,744 Sq.Ft.
  • Lot Size: 5,961 Sq.Ft.
  • MLS® ID: 26875323
  • Type: Multi-Family
  • Space Type: 4-Unit Income Property
  • Year Built: 1987
  • Neighborhood: Santa Monica
  • Architecture Styles: Contemporary

Interior

  • Total Bedrooms: 11
  • Total Bathrooms: 8
  • Full Bathrooms: 8
  • Kitchen: Remodeled
  • Laundry Room: Laundry inside every unit
  • Flooring: Laminate, Tile
  • Fireplace: None
  • Other Interior Features: Central HVAC in every unit

Exterior & Building

  • Stories: 2
  • Garage Space: 9
  • Roof: New Flat Roof in 2023
  • Parking: Subterreanean Garage, Side-by-Side parking for all 4 units, One additional parking space that can be rented out, or assigned to a unit.
  • Heat Type: Central
  • Air Conditioning: Central

Financial

  • Sales Price: $3,178,000
  • Buyer Agency Compensation: 2.5%

Rental Rates

  • Unit #1: $4,600
  • Unit #2:
  • Unit #3: $5,125
  • Unit #4: $4,770

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712 Pacific St. Santa Monica CA 90405

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