712 Pacific Street

A multifamily property located at 712 Pacific Street in Santa Monica was sold for $3,105,000. The asset encompasses 5,744 square feet, resulting in a price per square foot of $540. The transaction took place on October 30, 2026.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,105,000
• Address: 712 Pacific Street
• Market: Santa Monica
• Square Footage: 5,744
• Price Per Square Foot: $540
• Buyer: Jasmin Adelson
• Seller: Maie Chun
• Buyer's Representative: Ethan Donel, Alex Reyhan & Daniel Hirth - The Hirth Group

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group represented the buyer through both legs of a 1031 exchange, ultimately acquiring the property. The buyer aimed to replace a problematic asset while adding value to their multifamily portfolio on the Westside. The property requires no immediate capital expenditures, featuring significant improvements such as a new flat roof and HVAC systems installed in 2023 and 2024, as well as nine subterranean parking spaces for five units, an advantageous ratio near the beach.