711 Grant St 6 Unit Apartment Building $2,495,000 ($415,833/Unit) 5.87% Cap Rate Santa Monica, CA 90405

A rare investment opportunity in the heart of Santa Monica, 711 Grant Street features a well-configured six-unit apartment building on a sizable 8,083 SF lot within a desirable coastal neighborhood west of Lincoln Boulevard. With three of the six units currently vacant, including two spacious townhome-style 3-bedroom, 2-bathroom residences positioned at the front of the property, this asset offers immediate potential for both owner-user occupancy and income growth. Four additional 2-bedroom, 1-bath units, one of which is vacant, further diversify the unit mix and strengthen rental upside for future stabilization.
Positioned in an amenity-rich location, the property is a short distance to Santa Monica College, the Metro E-Line with direct access to Culver City and Downtown Los Angeles, and abundant retail, dining, and entertainment options along iconic streets such as Abbot Kinney and Main Street. Its proximity to major employment hubs, healthcare facilities, and Silicon Beach technology centers ensures continued tenant demand and long-term appreciation.
Offered as a trust sale with no court confirmation required, this acquisition provides an outstanding opportunity to capitalize on the strong fundamentals of a tightly held coastal market.