Under Contract

1044 Pacific Street

Santa Monica, CA 90405
Mark as Favorite
Bed 9

Bed

Bath 0

Bath

SqFt4,646

Sqft

SqFt6,484

Sqft(Lot)

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 improvements including approximately $181,000 invested in new balconies and stairs (fully inspected and approved), as well as upgraded electrical panels in all units create 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,289,000

AD Id : 77695372

MLS Id : 26774525

Beds : 9

Lot Size : 6,484 Sqft

Living Area Size : 4,646

Year Built : 1963

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 9

    Bathroom Information

    Total Baths: 5 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dryer,Washer
  • Cooling Features

    None Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1963 Building Area Total: 4,646
  • Pool Features

    None

    Laundry Features

    Common Area

    Patio And Porch

    Deck,Enclosed

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1489
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6484

  • Listing Price Information

    Original List Price: 2,289,000 Listing Contract Date: 2026-04-23
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 4284013009

  • Garage and Parking

    Garage Description: Attached Carport,Carport Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: C14 - Santa Monica Postal Code Plus 4: 1444 Directions: East of Lincoln between Pearl and Pico Zoning: SMR2* Source Property Type: Residential Income Area: C14 - Santa Monica
  • Building and Construction

    Property Age: 63 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 4646 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2521 33rd Street, Santa Monica, CA, 90405 $2,495,000 2 1 1,571 1,571 SqFt
2312 32nd Street, Santa Monica, CA, 90405 $2,150,000 3 2 1,361 1,361 SqFt
2302 32nd Street, Santa Monica, CA, 90405 $2,075,000 6 -- 3,492 3,492 SqFt
2711 Pico Boulevard, Santa Monica, CA, 90405 $5,990,000 18 -- 9,926 9,926 SqFt
2410 Ocean Park Boulevard, Santa Monica, CA, 90405 $2,050,000 10 -- 6,324 6,324 SqFt
2626 Cloverfield, Santa Monica, CA, 90405 $4,950,000 -- -- 5,968 5,968 SqFt
2030 Marine Street, Santa Monica, CA, 90405 $2,999,000 3 1 1,899 1,899 SqFt
2210 24th Street, Santa Monica, CA, 90405 $1,995,000 6 -- 3,671 3,671 SqFt
2524 22nd Street, Santa Monica, CA, 90405 $2,195,000 2 2 1,269 1,269 SqFt
2517 20th Street, Santa Monica, CA, 90405 $2,280,000 7 -- 3,219 3,219 SqFt

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ByOwner last updated this listing 06/13/2026 @ 01:04

MLS: 26774525 LISTED BY: Janet Heinzle, Douglas Elliman of California, Inc. 424-203-1800 SOURCE: CRMLS

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