1044 Pacific St Santa Monica, CA 90405
New
- Added:
- Apr 24, 2026
- Days on Market:
- 3
- 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
Listing agent Janet Heinzle License #02080077 (310) 804-3499
Listing office Douglas Elliman Real Estate (310) 804-3499
Listing date Apr 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Overview
Classic Santa Monica Income Property
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4774965
- Latitude
- 34.0116276
Nearby Similar for Sale
FAQs
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.
