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7-Unit Apartment Building
For Sale
Contact for pricing
Pending

520 California Ave, Santa Monica, CA 90403

Remodeled multifamily property with separately metered electricity, covered parking, and in-unit and on-site laundry.

Property SizeContact for details
Days on Market147

Property Features for 520 California Ave

General Information

Standard status Pending
Total Parking Spaces 11
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 2BR/2BA, 3 x 1BR/1BA
Multifamily Units 7

Amenities

laundry

Building Details

Year Renovated 2022
Listing Agency: Realty Masters & Associates
Listed By: Jim Wang · License #01768892
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Sep 1 at 1:10AM

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 Realty Masters & Associates

Investment Insights

Based on property information with market context.

This seven-unit apartment property includes four two-bedroom, two-bath residences and three one-bedroom, one-bath residences. Electricity is separately metered for each unit. The building was remodeled from 2020 through 2022, with improvements including in-unit washer and dryer installations, HVAC work, seismic retrofitting, PEX plumbing, and a new roof. The property also provides 11 covered parking spaces and on-site laundry facilities.

Located at 520 California Avenue in Santa Monica, the building sits one block north of Wilshire Boulevard and five blocks from Ocean Avenue and the waterfront. The California Incline provides access toward the beach boardwalk. The property is near the Third Street Promenade, Santa Monica Beach, the Pier, parks, grocery stores, restaurants, banks, and a recurring farmers market. Metro service and access to the 10 and 405 freeways and PCH are also nearby.

Key Highlights

  • Seven units: four 2‑bedroom, 2‑bath units and three 1‑bedroom, 1‑bath units
  • Remodeled from 2020‑2022 with HVAC, seismic retrofit, PEX plumbing, and new roof
  • 11 covered parking spaces

Property Analytics

Current Use

JDP Chemistry Tutoring Tutoring Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Pet Grooming Service Restaurant Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

7,510
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled multifamily property with separately metered electricity, covered parking, and in-unit and on-site laundry.
Where is this apartment building located?
The property is located at 520 California Ave Santa Monica, CA.
What are key features of this property?
This property features: Seven units: four 2‑bedroom, 2‑bath units and three 1‑bedroom, 1‑bath units; Remodeled from 2020‑2022 with HVAC, seismic retrofit, PEX plumbing, and new roof; 11 covered parking spaces
More about this property
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