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711 Grant St 6 Unit Apartment Building $2,575,000 ($429,167/Unit) 5.69% Cap Rate Santa Monica, CA 90405
Investment Highlights
- Three Units Vacant! Including (2) two-story townhome-style 3bd+2ba units and (1) 2bd+1ba unit.
- Fantastic Location West of Lincoln.
- Easy to See! Call Linda Light at 310-963-7010.
- Perfect for Owner/User or an Investor! Excellent 1031 Exchange Opportunity.
- Trust Sale - No Court Confirmation Required.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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 | $2,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $429,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.69% | Building Size | 6,128 SF |
| Gross Rent Multiplier | 12.07 | Average Occupancy | 50% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Zoning | SMOP2* | ||
| Price | $2,575,000 |
| Price Per Unit | $429,167 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Gross Rent Multiplier | 12.07 |
| 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 |
| Average Occupancy | 50% |
| 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 | $4,100 | - |
| 3+2 | 1 | $4,100 | - |
| 2+1.5 | 1 | $1,803 | - |
| 2+1.5 | 1 | $786.00 | - |
| 2+1.5 | 1 | $3,200 | - |
| 2+1.5 | 1 | $3,178 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4289-002-014 | Total Assessment | $1,481,160 (2025) |
| Land Assessment | $1,062,901 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $418,259 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4289-002-014
Land Assessment
$1,062,901 (2025)
Improvements Assessment
$418,259 (2025)
Total Assessment
$1,481,160 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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711 Grant St
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