96-Unit Apartment Building
For Sale
Contact for pricing
Pending
801 2nd St, Santa Monica, CA 90403
Two apartment properties form a multifamily portfolio near Santa Monica’s beach and established pedestrian destinations.
Property SizeContact for details
Days on Market146
Property Features for 801 2nd St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
96
Building Details
Year Built
1971
Buildings
2
Listing Agency:
Walker & Dunlop
Listed By:
Blake Rogers · License #CA 01866591
(818) 317-5183
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 31 at 7:33PM
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 Walker & Dunlop
Investment Insights
Based on property information with market context.
This offering comprises two apartment buildings totaling 96 units, with 48 units at Ocean Palms and 48 units at Ocean Palisades. Both properties were built in 1971 and have remained under the same ownership for 21 years, providing an established multifamily asset base within Santa Monica.
The properties are located at 801 2nd St in the North of Wilshire area, with walkable access to the beach, Third Street Promenade, and Santa Monica Pier. The surrounding Santa Monica submarket is supported by proximity to the Silicon Beach employment hub and demand associated with coastal living. Local development constraints and limited housing supply are also identified in the property materials as factors shaping the multifamily market.
The properties are located at 801 2nd St in the North of Wilshire area, with walkable access to the beach, Third Street Promenade, and Santa Monica Pier. The surrounding Santa Monica submarket is supported by proximity to the Silicon Beach employment hub and demand associated with coastal living. Local development constraints and limited housing supply are also identified in the property materials as factors shaping the multifamily market.
Key Highlights
- Two‑property multifamily portfolio with 96 total units
- Ocean Palms includes 48 units
- Ocean Palisades includes 48 units
Property Analytics
Property Profile
Current Use
Lease Details
96
Residential units
Location Intelligence
Trade Area within ½ mile
4,859
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two apartment properties form a multifamily portfolio near Santa Monica’s beach and established pedestrian destinations.
Where is this apartment building located?
The property is located at 801 2nd St Santa Monica, CA.
What are key features of this property?
This property features: Two‑property multifamily portfolio with 96 total units; Ocean Palms includes 48 units; Ocean Palisades includes 48 units
