OFFERING METRICS WITHOUT ADU CONVERSION
LISTING PRICE
$2,998,000
GROSS SF
±3,430 SF
LAND SF
±5,633 SF
PRICE PER SF
$532.22
PRICE PER UNIT
$749,500
PROPERTY OVERVIEW
Aggregate Investment Partners is pleased to present the opportunity to purchase Pacific Apartments, an exceptional 4-plex in Prime Santa Monica, California. 618 Pacific Street is located in upmost desired Ocean Park neighborhood in Santa Monica. The property has been completely remodeled featuring: private patio (front owner’s unit), engineered wood flooring, new kitchen with lustrous quartz stone countertops, stainless-steel appliances, open floorplan to the dining room area with sliding doors, and a large living room. The two full bathrooms are newly remodeled with modern glass shower, dual sinks in the master bedroom. This income property is perfect for an owner/user to occupy the owner’s unit and enjoy the rental income from the remaining units, or for an investor to purchase it as an investment property with approx. 44% in rental upside.
618 Pacific Street has a total building size of ±3,430 SF, sitting on a ±5,633 SF lot. The property has a great unit mix of (2) 1 Bed / 1 Bath, (1) 2 Bed / 1.5 Bath, and (1) 2 Bed / 2 Bath owner’s unit. There’s an onsite laundry room in the back of the property. The rear parking lot offers plenty of parking for 8 – 10 cars. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.
The property is conveniently located with easy access to the 10, 1/PCH, 405 freeways, and just blocks from the beach, Santa Monica Pier, Downtown Santa Monica, Herb Katz Dog Park, and Santa Monica High School.
OPPORTUNITY HIGHLIGHTS
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Located in Ocean Park, Prime Santa Monica
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Fully renovated 4-plex
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Great Unit Mix (2) 1 Bed / 1 Bath, (1) 2 Bed / 1.5 Bath, (1) 2 Bed / 2 Bath Owner's Unit
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Approximately 44% in Rental Upside
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Features: Private Patio, Engineered Wood Flooring, New Kitchen with Quartz Stone Countertops, Stainless-steel Appliances, Modern Glass Shower, Dual Sinks in Master Bath
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Easy Access to the 10, 1/PCH, 405 Freeways
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Blocks from the Beach, Santa Monica Pier, Downtown Santa Monica, Herb Katz Dog Park, Santa Monica High School