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    Arizona Ave Santa Monica, CA 90404

    For Sale
    $5,750,000

    12-unit apartment building in Santa Monica with upside potential.

    Property size:
    10,671 SF
    Lot size:
    0.27 Acres

    Property Features for Arizona Ave

    General Information

    Standard status
    Active
    Size
    10,671 SF
    Lot size
    0.27 Acres

    Building Details

    Year built
    1961

    Source: REMAX COMMERCIAL AND INVESTMENT REALTY Agent JONATHAN TAKSA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Santa Monica 12-Unit Apartment Building

    Located in Santa Monica, this 12-unit apartment building presents an investment opportunity. The property features ten 2-bedroom, 1.5-bath units and two studio ADUs. Situated on the Westside, the location offers proximity to employment centers, beaches, shopping, dining, and public transportation. Recent capital improvements include a main electrical system enhancement, plumbing improvements, exterior renovations, and the addition of two conforming ADUs. SB-721 balcony inspections have been completed. Select units have been renovated with wood-inspired flooring, stainless steel appliances, gas ranges, and garbage disposals. The property may be purchased individually or as part of a portfolio with other properties.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.49908
    Latitude
    34.015766

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    FAQs

    What type of property is this?
    Apartment building - 12-unit apartment building in Santa Monica with upside potential.
    Where is this apartment building located?
    The property is located at Arizona Ave Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: - Prime Santa Monica location, close to employment, beaches and more.; - Desirable unit mix featuring ten 2-bedroom units and two newly constructed studio ADUs.; - Significant recent capital improvements ensure a low-maintenance property.
    Request Owner's contact information
    Arizona Ave Santa Monica, CA 90404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Arizona Ave Santa Monica, CA 90404
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