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

NOW PRICED AT $2,495,000—This is an opportunity to acquire a six-unit multifamily asset in prime Santa Monica, west of Lincoln Boulevard. Situated on a lot of 8,083 SF,
711 Grant Street offers immediate income growth, value-add potential, and long-term appreciation .s most supply-constrained rental markets.
The property features a desirable and diversified unit mix with two buildings:
Two townhome-style units acting as 3 bedroom and 2 baths in the front structure — both delivered vacant.
Four 2BR/1BA units in the rear building — one vacant, providing additional immediate lease-up potential and renovation upside for the 3 vacant units.
Located in an amenity-rich coastal neighborhood, the property is minutes from Santa Monica College, the Metro E-Line, and major employment hubs throughout Silicon Beach. Proximity to Abbot Kinney, Main Street, healthcare centers, and entertainment corridors ensures consistent renter interest and long-term stability.
Offered as a trust sale with no court confirmation required, this asset presents a compelling opportunity for investors seeking value-add upside, 1031 exchange placement, or a perfect owner using opportunity