1044 Pacific Street, Santa Monica, CA

Name: 1044 Pacific Street, For Sale in Santa Monica - eXp Realty
Brand: Douglas Elliman of California, Inc.
SKU: 26774525
Price: 2395000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,395,000

856

MLS® 26774525

Open House

Tue Apr 28, 10:00 PM - 1:00 AM UTCSun Apr 26, 1:00-4:00 AM UTC

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 4646 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1963

Avg. Price Per Sqft $515

MLS® Number 26774525

Property Address: 1044 Pacific Street, Santa Monica, CA, 90405

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number26774525

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1963

Basement

DrivewayAttached Carport, Carport

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 23, 2026List Date

$2,395,000List Price

Commute

Commute

Starting Address

Destination Address

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