712 Pacific St. Santa Monica CA 90405 712 Pacific St 4 Unit Apartment Building $4,155,473 CAD ($1,038,868 CAD/Unit) 5.69% Cap Rate Santa Monica, CA 90405

Welcome to 712 Pacific Street in Ocean Park. Built in 1987 and in excellent condition, this well-maintained 4-Unit property offers a compelling combination of lifestyle and investment appeal. All units have been recently remodeled and feature in-unit laundry, central HVAC, private balconies/patios, and convenient side-by-side gated parking. The highly desirable unit mix adds to the property’s appeal, while one unit will be delivered vacant, creating the flexibility to owner-occupy or lease it at market rates.
Significant capital improvements provide additional peace of mind, including a new flat roof installed in 2023, all-new HVAC systems in every unit installed in 2023/2024, all new windows in 2013, and the completion of all recommended SB 326 work in 2025. The units are not subject to Santa Monica Rent Control. AB 1482 does apply.
Close to hip and trendy shops, coffee, and eateries like Cobi's, Cedar One Coffee Bar, Local Kitchen + Wine Bar, Thyme Bakery, Bob’s Market, and Trader Joe’s. Also, not far from SMC, UCLA, LMU, and OTIS College of Design. And when it’s time to trade the spreadsheets for some sunshine, the world-famous Strand bike path is just a short ride away.
Invest confidently in the Ocean Park lifestyle with a 4-Unit property that feels as relaxed and effortlessly cool as the neighborhood itself. With its vibrant beach-town energy, cool ocean breezes, and coveted coastal marine layers, 712 Pacific Street offers an outstanding combination of lifestyle appeal, quality improvements, flexibility, and investment potential.