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402 Pacific St 6 Unit Apartment Building $3,795,000 ($632,500/Unit) 4.35% Cap Rate Santa Monica, CA 90405
Investment Highlights
- Highly sought after School District. The city that invests in you and your family.
- Close to Bergamot Station, Artsy area with converted warehouses and the Hub of contemporary art.
- Downtown area, Promenade and the Pier walk to the Beach, restaurants, shops and Bistros .
Executive Summary
Southern California lifestyle, This renovated 6 unit residential income property is only steps away from the iconic beaches of Santa Monica. The complex is comprised of 3 top floor single level units, and 3 townhome style units with tree top vistas, new kitchen cabinetry, and stainless-steel appliances. This beautiful complex has the luxury of an in-unit washer & dryers as well as air conditioning. The building has controlled entry, with a video com security system. Ideally located close to the historic Santa Monica pier and Third Street Promenade.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $632,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.35% | Building Size | 3,912 SF |
| Gross Rent Multiplier | 21.35 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 1.79/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SMOP2* | ||
| Price | $3,795,000 |
| Price Per Unit | $632,500 |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Gross Rent Multiplier | 21.35 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,912 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | SMOP2* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 |
| 1+2 | 3 | - | 765 - 900 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 4289-008-011 | Total Assessment | $3,986,336 (2025) |
| Land Assessment | $2,734,114 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,252,222 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
4289-008-011
Land Assessment
$2,734,114 (2025)
Improvements Assessment
$1,252,222 (2025)
Total Assessment
$3,986,336 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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402 Pacific St
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