$3,500,000
402 Pacific, Santa Monica CA 90405
Multi-Family (6 Units)
Property type
1 day
On market
$895
Price per sqft
5 cars
Garage
1954
Year built
5,357 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Bill Ruane DRE #00972400 310-877-2374, Estate Properties
Listing updated: Jun 4, 2026 at 10:24pm.
Last checked: Jun 4, 2026 at 11:00pm
Source: CRMLS #SB26112123
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 2 | — | $4,275 | $4,275 | $4,500 | Unfurnished |
| 1 | 1 | 2 | — | $4,495 | $4,495 | $4,500 | Unfurnished |
| 1 | 1 | 2 | — | $4,300 | $4,300 | $4,500 | Unfurnished |
| 1 | 1 | 1 | — | $809 | $809 | $3,000 | Unfurnished |
| 1 | 1 | 1 | — | $2,500 | $2,500 | $3,000 | Unfurnished |
| 1 | 1 | 1 | — | $2,900 | $2,900 | $3,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
15.1x
List Price / Annual Gross Rent
Cap Rate
4.97%
NOI / List Price
Gross Scheduled Income: $231,348
Operating Expense: $57,522
Net Operating Income: $173,826
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $4,847
New Taxes: $44,875
Professional Management: $0
Trash: $3,800
Water / Sewer: $4,000
Interior
Fireplace: None
Laundry: Inside, Stacked
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Corner Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 5
Uncovered Spaces: 2
Parking Total: 7
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4289008011
Additional Parcels: No
Tax Lot: 11
Tax Block: B
Community
Senior Community: No
Community Features: Curbs, Gutters
Nearby Schools
Nearby schools around the 402 Pacific, Santa Monica, CA 90405. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,800,000
Total Interest
$3,571,246
Total Payment
$6,371,246
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$21,494
per month
Property History for 402 Pacific
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90405.
Similar Homes
Listings with similar prices to 402 Pacific