Renovated 6-Unit Residential
For Sale
$3,500,000
402 Pacific Street, Santa Monica, CA 90405
Renovated six-unit multifamily property with in-unit laundry, air conditioning, and controlled entry.
Property Size3,912 SF
Price / SF$894.68
Days on Market184
Property Features for 402 Pacific Street
General Information
Standard status
Active
Size
3,912 SF
Total Parking Spaces
7
Property subtype
Residential Income / Res Income 2-4 Units
Zoning
Assessor
Net Operating Income
$173,826
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1954
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Earle Hyman
Listed By:
Earle Hyman · License #00803521
(818) 212-2770
Source:
Compass
Added: Apr 6
Changed: Oct 6
Last Checked: Sep 26 at 1:59PM
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 Earle Hyman
Investment Insights
Based on property information with market context.
This renovated six-unit residential income property is laid out with three top-floor, single-level units and three townhome-style units. Unit interiors include new kitchen cabinetry and stainless-steel appliances. The building also provides in-unit washer and dryer service and air conditioning throughout, supporting comfortable day-to-day living. For building access, there is controlled entry with a video/com security system.
The property is located in Santa Monica, positioned only steps away from the beaches and close to the historic Santa Monica Pier and the Third Street Promenade.
For buyers seeking a small multifamily asset, the mix of single-level and townhome-style layouts can appeal to a range of tenant preferences while the provided in-unit laundry and air conditioning help differentiate the units. Controlled entry and video-based security add an additional layer of operational practicality for an income-focused residential investment.
The property is located in Santa Monica, positioned only steps away from the beaches and close to the historic Santa Monica Pier and the Third Street Promenade.
For buyers seeking a small multifamily asset, the mix of single-level and townhome-style layouts can appeal to a range of tenant preferences while the provided in-unit laundry and air conditioning help differentiate the units. Controlled entry and video-based security add an additional layer of operational practicality for an income-focused residential investment.
Key Highlights
- Renovated 6‑unit multifamily property with in‑unit washer & dryers
- Air conditioning included in the units
- Controlled entry with video intercom/security system
Property Analytics
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,116
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated six-unit multifamily property with in-unit laundry, air conditioning, and controlled entry.
Where is this apartment building located?
The property is located at 402 Pacific Street Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Renovated 6‑unit multifamily property with in‑unit washer & dryers; Air conditioning included in the units; Controlled entry with video intercom/security system
