Ocean-View Apartment
For Sale
$7,000,000
834 2nd St, Santa Monica, CA 90403
Residential Income, Santa Monica, CA
Property Size13,266 SF
Lot Size0.17 Acres
Price / SF$527.66
Days on Market17
Property Features for 834 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SMR3*
Bedrooms
18
Bathrooms
18
Full bathrooms
3
Rooms
Bathroom 12, Bathroom 7, Bedroom 5, Bedroom 13, Bedroom 15, Bathroom 1, Bathroom 16, Bedroom 12, Bathroom 10, Bathroom 5, Bedroom 14, Bedroom 11, Bathroom 8, Bathroom 14, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 9, Bathroom 4, Bedroom 17, Bedroom 4, Bedroom 9, Bathroom 15, Bedroom 3, Bathroom 2, Bedroom 16, Bedroom 1, Bathroom 11, Bathroom 18, Bedroom 6, Bathroom 3, Bedroom 18, Bathroom 13, Bedroom 10, Bathroom 6, Bathroom 17
Parking features
Garage
Directions
Off Ocean Ave
Subdivision
Santa Monica
Standard status
Active
APN
4292-025-005
Size
13,266 SF
Lot size
0.17 Acres
Amenities
security access
ocean views
large balconies
quartz countertops
stainless-steel appliances
wood flooring
contemporary finishes
panoramic roof top deck
Building Details
Year built
1969
Floors in Building
3
Number of units
15
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Kimberly Roberts Stepp · License #01251767
(310) 702-0400
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 26998053
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 13,266-square-foot apartment building, constructed in 1969, occupies a 0.1721-acre site. Building features include security access, an elevator, and garage parking. Unit interiors have quartz countertops, stainless-steel appliances, wood flooring, and contemporary finishes; units also offer balconies with ocean views. A rooftop deck provides additional ocean views.
The property is in Santa Monica, steps from Montana Avenue and two blocks from Ocean Avenue, Santa Monica Beach, Palisades Park, and Third Street Promenade. The zoning designation is SMR3*.
The property is in Santa Monica, steps from Montana Avenue and two blocks from Ocean Avenue, Santa Monica Beach, Palisades Park, and Third Street Promenade. The zoning designation is SMR3*.
Key Highlights
- 13,266 square feet on a 0.1721‑acre site
- Constructed in 1969; zoning designation SMR3*
- Renovated unit interiors with quartz countertops, stainless‑steel appliances, and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,461
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,269,220
$4.3M
Cap Rate 7%
$3,049,443
$3.0M
Cap Rate 9%
$2,371,789
$2.4M
Market Conditions
NOI Build-Up for 13,266 SF
Gross rent
$421.9K $31.80/SF
− Vacancy
−$33.7K −$2.54/SF
EGI
$388.1K $29.26/SF
− OpEx
−$174.6K −$13.17/SF
NOI
$213.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,269,220
Cap Rate 7%
$3,049,443
Cap Rate 9%
$2,371,789
Alternative Uses
Best Use
Apartment 5plus
$3.05M
$2.67M – $3.56M
NOI $213,461 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.10M
$6.21M – $8.29M
NOI $497,180 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,859
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors, controlled entry, elevator access, and garage parking serve the apartment building.
Where is this apartment building located?
The property is located at 834 2nd St Santa Monica, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 13,266 square feet on a 0.1721‑acre site; Constructed in 1969; zoning designation SMR3*; Renovated unit interiors with quartz countertops, stainless‑steel appliances, and wood flooring
