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Classic Santa Monica Income Property

1044 Pacific St, Santa Monica, CA 90405

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For Sale

$2,395,000

Five-unit income property in a desirable Santa Monica location.

Type:Investment

HighLights

Prime Santa Monica location near Main Street and the beach, offering desirable Westside living with access to dining and retail.
Income property with immediate upside potential due to one vacant unit (previously rented at $3,200/month) and a projected 5% cap rate when fully leased.
Significant recent capital improvements, including $181,000 in new balconies and stairs, and upgraded electrical panels, ensuring stability and reducing future maintenance costs.
Classic Post & Beam architecture with original wood paneling and glass elements, appealing to mid‑century modern enthusiasts.
Each unit includes a private balcony, covered parking space, and additional storage, enhancing tenant appeal.
High walk score (81) and bike score (95), indicating excellent walkability and bike‑friendliness.

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Listing Contact

Janet Heinzle

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For Sale

$2,395,000

Five-unit income property in a desirable Santa Monica location.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 59
Last Refresh:: Apr 24 at 4:29 pm

Property Features for 1044 Pacific St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1963

We can help!

Listing Contact

Janet Heinzle

Listing agent Janet Heinzle License #02080077

Listing office Douglas Elliman Real Estate

Listing date Apr 24, 2026

Source Elliman

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 Douglas Elliman Real Estate

HighLights

Prime Santa Monica location near Main Street and the beach, offering desirable Westside living with access to dining and retail.
Income property with immediate upside potential due to one vacant unit (previously rented at $3,200/month) and a projected 5% cap rate when fully leased.
Significant recent capital improvements, including $181,000 in new balconies and stairs, and upgraded electrical panels, ensuring stability and reducing future maintenance costs.
Classic Post & Beam architecture with original wood paneling and glass elements, appealing to mid‑century modern enthusiasts.
Each unit includes a private balcony, covered parking space, and additional storage, enhancing tenant appeal.
High walk score (81) and bike score (95), indicating excellent walkability and bike‑friendliness.

Overview

This five-unit income property is a classic Post & Beam building in mostly original, well-maintained condition. Located on a quiet residential street in Santa Monica, the property is suited for investors and owner-users. Each unit includes a private balcony and covered parking space with additional storage. An on-site laundry room provides convenience. The upper units feature treetop views, floor-to-ceiling windows, and natural light, enhancing the architectural appeal. Original wood paneling and signature glass elements remain intact. One unit is currently vacant, previously rented at $3,200 per month, offering immediate upside through lease-up. The property supports a cap rate of approximately 5% once fully rented. Recent capital improvements include approximately $181,000 invested in new balconies and stairs, which have been fully inspected and approved, as well as upgraded electrical panels in all units. The property is located near Santa Monica College and just over a mile from Main Street and Santa Monica Beach, offering proximity to the dining and retail scenes of Abbot Kinney and Ocean Park's "Mini Kinney." The location is a desirable rental area with consistently strong demand. The property has a bike score of 95, a walk score of 81, and a transit score of 55.

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Apartment buildings

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Local Demand

City: Santa Monica
County: Los Angeles
State: California
Longitude: -118.4774965
Latitude: 34.0116276

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For sale
Apartment buildings
CA
Santa Monica
90405
1044 Pacific St

What type of property is this?

Apartment building - Five-unit income property in a desirable Santa Monica location.

Where is this apartment building located?

The property is located at 1044 Pacific St Santa Monica, CA.

What is the asking price?

The asking price for this property is $2,395,000.

What are key features of this property?

This property features: Prime Santa Monica location near Main Street and the beach, offering desirable Westside living with access to dining and retail.; Income property with immediate upside potential due to one vacant unit (previously rented at $3,200/month) and a projected 5% cap rate when fully leased.; **Significant recent capital improvements, including $181,000 in new balconies and stairs, and upgraded electrical panels**, ensuring stability and reducing future maintenance costs.