1044 Pacific Street, Santa Monica, CA 90405
Local realty services provided by:ERA North Orange County Real Estate
1044 Pacific Street,Santa Monica, CA 90405
$2,289,000
- 9 Beds
- 5 Baths
- 4,646 sq. ft.
- Multi-family
- Active
Listed by: janet heinzle
Office: douglas elliman of california, inc.424-203-1800
MLS#:26774525
Source:CRMLS
Price summary
- Price:$2,289,000
- Price per sq. ft.:$492.68
About this home
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 improvements including approximately $181,000 invested in new balconies and stairs (fully inspected and approved), as well as upgraded electrical panels in all units create 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!...
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Home facts
- Year built:1963
- Listing ID #:26774525
- Added:50 day(s) ago
- Updated:June 13, 2026 at 10:39 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:5
- Living area:4,646 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1963
- Building area:4,646 sq. ft.
- Lot area:0.15 Acres
- Exterior Features:Deck, Enclosed
- Levels:2 Story
Finances and disclosures
- Price:$2,289,000
- Price per sq. ft.:$492.68
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:10
- Parking description:6 Carport Space(s), Attached Carport, Carport
- Carport spaces:6
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