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711 Grant St 6 Unit Apartment Building $2,459,000 ($409,833/Unit) 5.73% Cap Rate Santa Monica, CA 90405
INVESTMENT HIGHLIGHTS
- High demand rental area with strong appreciation potential. Trust Sale – No court confirmation required.
- If you're considering a multi-family investment in Los Angeles, this property stands out for its location, unit mix, and income potential.
- Gross Rent Multiplier (GRM): 12.41 Capitalization Rate (CAP): 5.7%. Ideal for Owner-User or Investors. 1 unit vacant 2+1 $3200
- Close to beaches, shops, restaurants, and public transit
EXECUTIVE SUMMARY
711 Grant Street in Santa Monica is currently listed for $2,459,000 and offers a strong investment profile with a 12.41 GRM and 5.7% CAP rate.
6 units total 2 separate buildings: Front Building: (2) Townhome-style units: 3 bedrooms, 2 bathrooms, Rear building: (4) 2 bedrooms, 1 bathroom
Building Size: 6,128 sq ft, Lot 8,083 sq ft., Year Built: 1956, Investment Metrics, Gross Rent Multiplier (GRM): 12.41, Capitalization Rate (CAP): 5.7%
Current Vacancy: 1 unit vacant, offering immediate rental income potential
Location Benefits: Situated west of Lincoln Boulevard in the highly desirable Ocean Park neighborhood of Santa Monica
Close to beaches, shops, restaurants, and public transit
High demand rental area with strong appreciation potential
Trust Sale – No court confirmation, Ideal for owner-users or investors looking for a mix of stable income and upside potential
Traditional architecture with features like wood flooring and double-pane windows, 4 units updated
If you're considering a multi-family investment in Los Angeles, this property stands out for its location, unit mix, and income potential.
6 units total 2 separate buildings: Front Building: (2) Townhome-style units: 3 bedrooms, 2 bathrooms, Rear building: (4) 2 bedrooms, 1 bathroom
Building Size: 6,128 sq ft, Lot 8,083 sq ft., Year Built: 1956, Investment Metrics, Gross Rent Multiplier (GRM): 12.41, Capitalization Rate (CAP): 5.7%
Current Vacancy: 1 unit vacant, offering immediate rental income potential
Location Benefits: Situated west of Lincoln Boulevard in the highly desirable Ocean Park neighborhood of Santa Monica
Close to beaches, shops, restaurants, and public transit
High demand rental area with strong appreciation potential
Trust Sale – No court confirmation, Ideal for owner-users or investors looking for a mix of stable income and upside potential
Traditional architecture with features like wood flooring and double-pane windows, 4 units updated
If you're considering a multi-family investment in Los Angeles, this property stands out for its location, unit mix, and income potential.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$198,912
|
$26.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,912
|
$26.58
|
| Taxes |
$30,738
|
$4.11
|
| Operating Expenses |
$27,300
|
$3.65
|
| Total Expenses |
$58,038
|
$7.75
|
| Net Operating Income |
$140,874
|
$18.82
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $198,912 |
| Annual Per SF | $26.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $198,912 |
| Annual Per SF | $26.58 |
| Taxes | |
|---|---|
| Annual | $30,738 |
| Annual Per SF | $4.11 |
| Operating Expenses | |
|---|---|
| Annual | $27,300 |
| Annual Per SF | $3.65 |
| Total Expenses | |
|---|---|
| Annual | $58,038 |
| Annual Per SF | $7.75 |
| Net Operating Income | |
|---|---|
| Annual | $140,874 |
| Annual Per SF | $18.82 |
PROPERTY FACTS
| Price | $2,459,000 | Apartment Style | Low-Rise |
| Price Per Unit | $409,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.73% | Building Size | 6,128 SF |
| Gross Rent Multiplier | 12.36 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 0.82/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SMOP2* | ||
| Price | $2,459,000 |
| Price Per Unit | $409,833 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Gross Rent Multiplier | 12.36 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,128 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | SMOP2* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $4,096 | - |
| 3+2 | 1 | $3,790 | - |
| 2+1 | 1 | $1,813 | - |
| 2+1 | 1 | $796.00 | - |
| 2+1 | 1 | $3,200 | - |
| 2+1 | 1 | $3,188 | - |
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 4289-002-014 | Total Assessment | $1,481,160 |
| Land Assessment | $1,062,901 | Annual Taxes | $30,738 ($5.02/SF) |
| Improvements Assessment | $418,259 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4289-002-014
Land Assessment
$1,062,901
Improvements Assessment
$418,259
Total Assessment
$1,481,160
Annual Taxes
$30,738 ($5.02/SF)
Tax Year
2025
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711 Grant St
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