Remodeled 4-Unit
For Sale
$2,995,000
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
Price / SF$521.41
Days on Market9
Property Features for 712 Pacific St
General Information
Standard status
Active
Size
5,744 SF
Property subtype
MULTI_FAMILY
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
(310) 482-2200
Listed By:
Scott Price · License #01418572
Source:
Adambrawerestates
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 1:49PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.35%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,426 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,272 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,897
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $2,995,000.
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
