Remodeled 4-Unit
New
For Sale
$2,995,000
712 Pacific St, Santa Monica, CA 90405
Residential Income, Contemporary, Santa Monica, CA
Property Size5,744 SF
Lot Size0.14 Acres
Price / SF$521.41
Days on Market2
Property Features for 712 Pacific St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SMOP2*
Bedrooms
11
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 1, Dining Room, Bathroom 7, Bedroom 4, Bathroom 2, Bathroom 6, Bathroom 8, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 9, Bedroom 5, Bedroom 7, Bedroom 3, Bedroom 10, Bedroom 8, Bedroom 11, Bathroom 5, Bathroom 4, Bathroom 1
Parking
9
Parking features
Gated, Assigned, Garage, Side By Side
Window features
Double Pane Windows
Patio and Porch features
Patio
Interior features
Laundry - Closet Stacked, Recessed Lighting
Appliances
Range, Range Hood, Gas
Directions
Google Maps
Subdivision
Santa Monica
Standard status
Active
APN
4289-001-015
Size
5,744 SF
Lot size
0.14 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
central HVAC
private balconies/patios
gated parking
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate
Roof type
Metal, Flat
Architectural style
Contemporary
Listing Agency:
Compass
(310) 437-7500
Listed By:
Scott Price · License #01418572
(310) 625-8983
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:06PM
MLS# 26875323
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 712 Pacific St in Santa Monica, this contemporary quadplex was built in 1987 and contains 5,744 square feet on a 0.1368-acre lot. Each of the four units has been recently remodeled with central heating and air conditioning, in-unit laundry, recessed lighting, tile and laminate flooring, and a private patio or balcony. Parking is assigned, gated, side-by-side, and includes garage spaces.
Capital work includes a flat metal roof completed in 2023, replacement HVAC systems throughout the property installed in 2023/2024, and new windows installed in 2013. Recommended SB 326 work was completed in 2025. One unit is scheduled for vacant delivery. The property is zoned SMOP2*; Santa Monica Rent Control does not apply, while AB 1482 does. The Ocean Park location is near local shops, coffee, restaurants, markets, Trader Joe’s, Santa Monica College, UCLA, LMU, OTIS College of Design, and the Strand bike path.
Capital work includes a flat metal roof completed in 2023, replacement HVAC systems throughout the property installed in 2023/2024, and new windows installed in 2013. Recommended SB 326 work was completed in 2025. One unit is scheduled for vacant delivery. The property is zoned SMOP2*; Santa Monica Rent Control does not apply, while AB 1482 does. The Ocean Park location is near local shops, coffee, restaurants, markets, Trader Joe’s, Santa Monica College, UCLA, LMU, OTIS College of Design, and the Strand bike path.
Key Highlights
- 4‑unit property at 712 Pacific St, Santa Monica, CA 90405
- 5,744 square feet on a 0.1368‑acre lot
- All units recently remodeled with central HVAC, in‑unit laundry, and private patios or balconies
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,006,220
$2.0M
Cap Rate 7%
$1,433,014
$1.4M
Cap Rate 9%
$1,114,567
$1.1M
Market Conditions
NOI Build-Up for 5,744 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.1K $27.00/SF
− Vacancy
−$11.8K −$2.05/SF
EGI
$143.3K $24.95/SF
− OpEx
−$43.0K −$7.48/SF
NOI
$100.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,006,220
Cap Rate 7%
$1,433,014
Cap Rate 9%
$1,114,567
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,311 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,426 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,272 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 90405, CA
27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Contemporary multifamily property with updated interiors, private outdoor space, central HVAC, in-unit laundry, and secured assigned parking.
Where is this quadplex located?
The property is located at 712 Pacific St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 4‑unit property at 712 Pacific St, Santa Monica, CA 90405; 5,744 square feet on a 0.1368‑acre lot; All units recently remodeled with central HVAC, in‑unit laundry, and private patios or balconies
