1044 Pacific St, Santa Monica, CA 90405
1044 Pacific St, Santa Monica, CA 90405
1044 Pacific St, Santa Monica, CA 90405
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Gabriel Colombo

Gabriel Colombo

+1(213) 259-6619
$2,395,000
Est. payment /mo
8 Beds
5 Baths
4,646 SqFt
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Open House

Sun Apr 26, 2:00pm - 5:00pm

Tue Apr 28, 11:00am - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,646 sqft

Price per Sqft $515

MLS Listing ID 26774525

Style Post & Beam

Bedrooms 8

Year Built 1963

Lot Size 6,484 Sqft

Acres 0.1489

Property Sub-Type Multi-Family

Property Description

An exceptional opportunity to own a classic Post & Beam 5-unit income property in mostly original, well-maintained condition. Situated on a quiet residential street in one of Santa Monica's most sought-after neighborhoods, this property is ideally suited for both investors and owner-users. Each unit features its own private balcony and covered parking space with additional storage, while an on-site laundry room adds everyday convenience. Upper units enjoy treetop views, floor-to-ceiling windows, and abundant natural light, enhancing the architectural appeal. Original wood paneling and signature glass elements remain intact, offering a rare opportunity for Post & Beam enthusiasts to own a property with authentic mid-century character.With one unit currently vacant (previously rented at $3,200/month), the property offers immediate upside through lease-up and the potential to enhance long-term returns. Once fully rented, the asset supports a cap rate of approximately 5%, in line with Santa Monica market expectations. Relatively low operating costs, combined with significant recent capital improvementsincluding approximately $181,000 invested in new balconies and stairs (fully inspected and approved), as well as upgraded electrical panels in all unitscreate a compelling blend of stability and future growth. Located near Santa Monica College and just over a mile from Main Street and Santa Monica Beach, the property offers the best of Westside living. Enjoy close proximity to the vibrant dining and retail scenes of Abbot Kinney and Ocean Park's popular "Mini Kinney," making this a highly desirable rental location with consistently strong demand. With low vacancy rates, excellent tenant appeal, and clear upside potential, this gem of a property represents a standout long-term investment in a location that is hard to beat!

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Dryer, Washer

Laundry Community

Exterior

Parking Features Carport, Carport Attached

Garage Spaces 6.0

Pool None

Building

Story 2

Architectural Style Post & Beam

Level or Stories Two

Schools

School District Santa Monica-Malibu Unified School District

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Douglas Elliman of California, Inc.
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

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1044 Pacific St