Santa Monica, CA 90405 402 Pacific Street
$3,795,000
3 more
Presented By: Bill Ruane with Estate Properties; 310-877-2374
- MLS# SB25043750
- 02/27/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 6
Full/Half Baths • 6 / 6
SQFT • 4,500
Garage • 5
Home Details
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.
Presented By: Bill Ruane with Estate Properties; 310-877-2374
Interior Features for 402 Pacific Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 402 Pacific Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.35
Carport Y/NNo
CitySanta Monica
Community FeaturesCurbs, StreetLights, Sidewalks
CountyLos Angeles
DirectionsCorner of 4th St. South of Pico
Electric On Property Y/NNo
Entry LocationGround and Stairs
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense4847.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet5357.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income165048.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Open Parking Spaces2.0
Operating Expense64285.0
Pool FeaturesNone
PossessionNegotiable
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot11
Taxes$47,438
Total Actual Rent19111.0
Trash Expense3800.0
UtilitiesElectricityConnected, WaterConnected
Walk Score92
Water Sewer Expense4000.0
Year Built1954
Year Built SourceAssessor
ZoningSMOP2*
Exterior for 402 Pacific Street
Building Area Total4500.0
Crops Included Y/NNo
Gulf-FrontNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.123
Lot Size Area5357.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate