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Renovated Six-Unit Apartment Building
New
For Sale
$3,950,000

1022 Grant St, Santa Monica, CA 90405

Remodeled multifamily property with private entrances, outdoor areas, and assigned garage parking.

Property Size3,950 SF
Days on Market7

Property Features for 1022 Grant St

General Information

Standard status Active
Size 3,950 SF
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Units

Unit Mix 3 x 2BR, 1 x 1BR
Multifamily Units 6

Additional Details

Road Access Yes

Amenities

private outdoor spaces
landscaped gardens

Building Details

Building Size 3,950 SF
Year Built 1948
Construction bungalow-style
Listing Agency: Pacifica West Properties
Listed By: Jack Graniti · License #01317555
Source: Frontgaterealestate
Added: Sep 9 Changed: Sep 11 Last Checked: Sep 14 at 10:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacifica West Properties

Investment Insights

Based on property information with market context.

This 3,950-square-foot apartment property, built in 1948, contains six residences, including three two-bedroom bungalow-style units, two apartments above the rear garages, and an oversized one-bedroom ADU. The bungalows feature private entrances and landscaped outdoor areas, while the renovation program included custom cabinetry, Caesarstone countertops, new appliances, wide-plank oak flooring, updated bathrooms, stacked in-unit washer/dryers, and individual HVAC or mini-split systems. Two private garages are assigned to the bungalows.

Located at 1022 Grant St in Santa Monica’s Sunset Park, the property sits on a quiet, tree-lined residential street near the restaurants, cafes, and neighborhood amenities of Ocean Park, with the beach minutes away. All but one residence is leased at market rents, providing an existing income profile alongside the recently improved physical asset.

Key Highlights

  • Six residences across a 3,950‑square‑foot apartment property
  • Three 2‑bedroom bungalow‑style units with private entrances
  • Newly added oversized 1‑bedroom ADU

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Tanning Salon Nursing Home Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,111
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled multifamily property with private entrances, outdoor areas, and assigned garage parking.
Where is this apartment building located?
The property is located at 1022 Grant St Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Six residences across a 3,950‑square‑foot apartment property; Three 2‑bedroom bungalow‑style units with private entrances; Newly added oversized 1‑bedroom ADU
More about this property
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