23-Unit Apartment
For Sale
Contact for pricing
Pending
500 California Ave, Santa Monica, CA 90403
Two-story garden-style community near Santa Monica shopping, dining, coastline, and transit.
Property SizeContact for details
Days on Market150
Property Features for 500 California Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
10 x 1+1, 12 x 2+1, 1 x single
Multifamily Units
23
Building Details
Stories
2
Construction
garden-style
Listing Agency:
Berkadia Commercial Mortgage Los Angeles
Listed By:
Adrienne Barr · License #CA 01308753
(310) 209-3200
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 5 at 12:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkadia Commercial Mortgage Los Angeles
Investment Insights
Based on property information with market context.
500 California Avenue is a two-story, garden-style apartment community with 23 units, including ten 1+1 units, twelve 2+1 units, and one single unit. The property has been maintained and offers a 5.1% cap at market, with tours available by appointment.
The building is three blocks from Third Street Promenade, Santa Monica Mall, and the retail and dining along Montana Avenue. Ocean Avenue and Palisades Park are four blocks away, while the surrounding Pacific coastline extends 3.5 miles. The property is also near the Santa Monica Expo Line Station and provides access to Interstate 10 and Interstate 405.
The address places residents within walking distance of shopping, restaurants, entertainment, and the Santa Monica Pier. The surrounding area includes a concentration of technology, media, and entertainment employers, including Google, Facebook, Snapchat, Hulu, and Electronic Arts.
The building is three blocks from Third Street Promenade, Santa Monica Mall, and the retail and dining along Montana Avenue. Ocean Avenue and Palisades Park are four blocks away, while the surrounding Pacific coastline extends 3.5 miles. The property is also near the Santa Monica Expo Line Station and provides access to Interstate 10 and Interstate 405.
The address places residents within walking distance of shopping, restaurants, entertainment, and the Santa Monica Pier. The surrounding area includes a concentration of technology, media, and entertainment employers, including Google, Facebook, Snapchat, Hulu, and Electronic Arts.
Key Highlights
- 23‑unit apartment building with a two‑story garden‑style layout
- Unit mix includes ten 1+1 units, twelve 2+1 units, and one single unit
- 5.1% cap at market
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 90403, CA
25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story garden-style community near Santa Monica shopping, dining, coastline, and transit.
Where is this apartment building located?
The property is located at 500 California Ave Santa Monica, CA.
What are key features of this property?
This property features: 23‑unit apartment building with a two‑story garden‑style layout; Unit mix includes ten 1+1 units, twelve 2+1 units, and one single unit; 5.1% cap at market
