1044 Pacific Street, Santa Monica, CA 90405
- 4,646 sqft
other 
Built in 1963 
6,486sqft lot
—— car garage 
$493/sqft 
Listed 27 days ago
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 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!
- Listing Status:
- Pending
- Date Added:
- April 23, 2026
- Data Last Updated:
- May 20, 2026 at 7:06AM
- Listing Office:
- Douglas Elliman of California, Inc. : 424-203-1800
- Listing Agent:
- Janet Heinzle : 310-804-3499
- MLS ID:
- CL26774525
- Appliances: Dryer
- Laundry: Common AreaDryerWasher
- A/C: None
- Heating: Wall Furnace
- Parking: Other
- County: Los Angeles
- Zoning: SMR2*4284013009
This listing courtesy of Janet Heinzle , Douglas Elliman of California, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
