Remodeled Quadplex With Gated
For Sale
$3,178,000
Pending
712 Pacific St, Santa Monica, CA 90405
Residential Income, Contemporary, Santa Monica, CA
Property Size5,744 SF
Lot Size0.14 Acres
Days on Market69
Property Features for 712 Pacific St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SMOP2*
Bedrooms
11
Bathrooms
8
Full bathrooms
8
Rooms
Dining Room, Bedroom 5, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 9, Bathroom 5, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 10, Bathroom 7, Bathroom 2, Bathroom 8, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 11
Parking
9
Parking features
Assigned, Gated, Garage, Side By Side
Window features
Double Pane Windows
Patio and Porch features
Patio
Interior features
Laundry - Closet Stacked, Recessed Lighting
Appliances
Range, Range Hood, Gas
Directions
Google Maps
Subdivision
Santa Monica
Standard status
Pending
APN
4289-001-015
Size
5,744 SF
Lot size
0.14 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
central HVAC
private balconies/patios
side-by-side gated parking
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate
Roof type
Metal, Flat
Architectural style
Contemporary
Listing Agency:
Compass
(310) 437-7500
Listed By:
Scott Price · License #01418572
(310) 625-8983
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 28 at 6:06PM
MLS# 26875323
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This contemporary quadplex contains four remodeled units within a 5,744-square-foot property built in 1987. Each residence includes in-unit laundry, central HVAC, and a private balcony or patio, with assigned side-by-side gated parking serving the property. Interior details include recessed lighting, tile and laminate flooring, and gas ranges with range hoods.
Capital improvements include a flat metal roof installed in 2023, new HVAC systems in every unit completed in 2023/2024, replacement windows installed in 2013, and completion of recommended SB 326 work in 2025. The property is located on Pacific Street in Santa Monica’s Ocean Park area, near shops, coffee shops, restaurants, markets, Trader Joe’s, SMC, UCLA, LMU, OTIS College of Design, and the Strand bike path. Zoning is SMOP2*; the property is not subject to Santa Monica rent control.
Capital improvements include a flat metal roof installed in 2023, new HVAC systems in every unit completed in 2023/2024, replacement windows installed in 2013, and completion of recommended SB 326 work in 2025. The property is located on Pacific Street in Santa Monica’s Ocean Park area, near shops, coffee shops, restaurants, markets, Trader Joe’s, SMC, UCLA, LMU, OTIS College of Design, and the Strand bike path. Zoning is SMOP2*; the property is not subject to Santa Monica rent control.
Key Highlights
- Four‑unit property totaling 5,744 square feet on 0.1368 acres
- All units recently remodeled with private balconies or patios
- In‑unit laundry and central HVAC in every residence
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 - Four remodeled residences offer private outdoor space, in-unit laundry, central HVAC, and assigned side-by-side 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: Four‑unit property totaling 5,744 square feet on 0.1368 acres; All units recently remodeled with private balconies or patios; In‑unit laundry and central HVAC in every residence
