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711 Grant St
Santa Monica, CA 90405 Ocean Park

$2,459,000 USD

Apartments For Sale  •  7,484 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,128 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1956
  • Cap Rate 5.73 %
  • Zoning SMOP2*
73 Transit Score
95 Walk Score

Highlights

High demand rental area with strong appreciation potential. Trust Sale – No court confirmation required.
Gross Rent Multiplier (GRM): 12.41 Capitalization Rate (CAP): 5.7%. Ideal for Owner-User or Investors. 1 unit vacant 2+1 $3200
If you're considering a multi-family investment in Los Angeles, this property stands out for its location, unit mix, and income potential.
Close to beaches, shops, restaurants, and public transit

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $140,874 USD (2025)
Cap Rate: 5.73 %
Total Expenses: $58,038 USD

Public Transportation

Transit/SubwayDriveWalkDistance
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
AirportDriveWalkDistance
Los Angeles International 15 min - 7.9 mi
Bob Hope 34 min - 23.1 mi
Long Beach (Daugherty Field) 37 min - 28.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Linda Light 310-963-7010 Coldwell Banker Realty
Linda Light 310-963-7010 Coldwell Banker Realty