Remodeled 4-Unit
For Sale
$3,178,000
Pending
712 Pacific St, Santa Monica, CA 90405
Updated residences include in-unit laundry, central HVAC, private outdoor areas, and side-by-side gated parking.
Property Size5,744 SF
Days on Market69
Property Features for 712 Pacific St
General Information
Standard status
Pending
Size
5,744 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Ocean Park
Additional Details
Multifamily Units
4
Amenities
in-unit laundry
central HVAC
private balconies/patios
gated parking
Building Details
Building Size
5,744 SF
Year Built
1987
Listing Agency:
Compass
Listed By:
Scott Price · License #01418572
(310) 625-8983
Source:
Adambrawerestates
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 26 at 10:16PM
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 Compass
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Investment Insights
Based on property information with market context.
This 5,744-square-foot quadplex contains four remodeled residences within a 1987-built property. Each unit includes in-unit laundry, central HVAC, and a private balcony or patio. Side-by-side gated parking serves the building, and one residence is expected to be delivered vacant, providing flexibility for an owner-occupant or a future lease. The unit mix is described as desirable, though specific configurations are not provided.
Capital work includes a flat roof installed in 2023, HVAC replacement throughout the property during 2023 and 2024, and new windows installed in 2013. Recommended SB 326 work was completed in 2025. The property is not subject to Santa Monica Rent Control; AB 1482 applies.
The address is in Ocean Park, near Cobi's, Cedar One Coffee Bar, Local Kitchen + Wine Bar, Thyme Bakery, Bob's Market, and Trader Joe's. Santa Monica College, UCLA, LMU, OTIS College of Design, and the Strand bike path are also identified as nearby destinations.
Capital work includes a flat roof installed in 2023, HVAC replacement throughout the property during 2023 and 2024, and new windows installed in 2013. Recommended SB 326 work was completed in 2025. The property is not subject to Santa Monica Rent Control; AB 1482 applies.
The address is in Ocean Park, near Cobi's, Cedar One Coffee Bar, Local Kitchen + Wine Bar, Thyme Bakery, Bob's Market, and Trader Joe's. Santa Monica College, UCLA, LMU, OTIS College of Design, and the Strand bike path are also identified as nearby destinations.
Key Highlights
- 5,744‑square‑foot quadplex built in 1987
- All four units have been remodeled with in‑unit laundry, central HVAC, and private balconies or patios
- One unit to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,311
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
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
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 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 3.16%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,426 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,272 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,897
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - Updated residences include in-unit laundry, central HVAC, private outdoor areas, and side-by-side gated 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 $3,178,000.
What are key features of this property?
This property features: 5,744‑square‑foot quadplex built in 1987; All four units have been remodeled with in‑unit laundry, central HVAC, and private balconies or patios; One unit to be delivered vacant
