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    Santa Monica, CA Multifamily Properties for Sale

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    Santa Monica Multifamily Asset
    Updated: Jan 20
    Santa Monica Multifamily Asset

    537 San Vicente Blvd, Santa Monica, CA 90402

    $15,895,000
    40,412 sqft 0.51 AC lot
    Significant $600,000 price reduction.
    Rare multifamily asset in Santa Monica.
    Ideal unit mix: (19) 1‑bed, 1‑bath & (14) 2‑bed, 2‑bath units.
    Significant rental upside potential.
    On‑site parking for 33 cars (plus wraparound driveway).
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    This listing looks promising.

    Here's a quick look at some key insights for

    537 San Vicente Blvd, Santa Monica, CA 90402

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $650K
      Annual

    • Mortgage

      $6.8M
      Sep 2017

    • Last Sold

      Jul 2017
      $1.9M

    • Property Type

      Apartment House
      Built 1957
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    Santa Monica Multifamily Investment Opportunity
    Updated: May 27
    Santa Monica Multifamily Investment Opportunity

    2411 20th St, Santa Monica, CA 90405

    $2,150,000
    4,912 sqft 0.31 AC lot
    7 bungalow‑style units at 2411‑2417 20th Street, Santa Monica, CA 90405, built in 1935
    Situated on a 13,514 SF lot with a low‑density, residential feel across landscaped grounds
    Unit mix includes 1 studio (full kitchen), 4 one‑bedroom/one‑bath, and 2 two‑bedroom/two‑bath units
    Upgraded electrical panels, plus in‑unit cooling via wall/window units
    Assigned parking
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    Split-Level Four-Unit with Private Garages
    Split-Level Four-Unit with Private Garages

    631 Pier Ave, Santa Monica, CA 90405

    $2,995,000
    2,850 sqft 0.13 AC lot

    Four-unit multifamily with split-level layouts, mini-split A/C, and four private garages near Santa Monica amenities.

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    Duplex with Vacant Unit
    Duplex with Vacant Unit

    1630 Franklin St, Santa Monica, CA 90404

    $2,295,000
    1,892 sqft 0.12 AC lot

    Two-residence duplex with one unit delivered vacant, offering a private carport and an oversized two-car garage.

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    Bungalow-Style Multifamily Portfolio Asset
    Bungalow-Style Multifamily Portfolio Asset

    2411 20TH ST, Santa Monica, CA 90405

    $2,150,000
    4,912 sqft 0.31 AC lot

    Seven bungalow units with a balanced studio and bedroom mix, offered as part of a six-property portfolio.

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    Multifamily Apartment Building with Gated Parking
    Multifamily Apartment Building with Gated Parking

    2410 Ocean Park Blvd, Santa Monica, CA 90405

    $2,050,000
    6,324 sqft 0.15 AC lot

    Seven-unit apartment property with gated on-site parking, on-site laundry, and a unit mix spanning one- to two-story layouts.

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    Duplex with Detached Studio
    Duplex with Detached Studio

    607 Ashland Ave, Santa Monica, CA 90405

    $1,995,000
    1,599 sqft 0.10 AC lot

    Two separate residences plus a detached studio, including an expansive exclusive-use courtyard, just blocks from Main Street and the beach.

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    Santa Monica Multifamily Investment Opportunity
    Santa Monica Multifamily Investment Opportunity

    2318 16th St, Santa Monica, CA 90405

    $4,950,000
    17,671 sqft 0.44 AC lot

    Rare 15-unit multifamily property in Santa Monica's Sunset Park.

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    Apartment Building with Gated Parking
    Apartment Building with Gated Parking

    2410 OCEAN PARK BLVD, Santa Monica, CA 90405

    $2,050,000
    6,324 sqft

    Built in 1975, the 7-unit building offers a mix of one- and two-bedroom layouts plus gated parking and on-site laundry.

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    Approved 7-Unit Apartment Development
    Approved 7-Unit Apartment Development

    914 18th St, Santa Monica, CA 90403

    $2,550,000
    5,100 sqft 0.18 AC lot

    Value-add development with RTI permits for a planned seven-residence apartment complex in Santa Monica.

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    Turn-Key Triplex with Private Entrances
    Turn-Key Triplex with Private Entrances

    2252 20th St, Santa Monica, CA 90405

    $2,599,000
    2,590 sqft 0.17 AC lot

    Three residential units feature individual entrances, in-unit laundry, and recent roof, HVAC, and electrical upgrades.

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    Mid-Century Multifamily with Garages
    Mid-Century Multifamily with Garages

    2648-2662 23rd Street, Santa Monica, CA 90405

    $3,200,000
    6,294 sqft

    Eight-unit mid-century building on a corner lot with individual meters, six 1-car garages, and a carport.

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    Remodeled Four-Unit Multifamily Property
    Remodeled Four-Unit Multifamily Property

    643 Pacific St, Santa Monica, CA 90405

    $3,750,000
    4,687 sqft 0.13 AC lot

    Fully vacant, remodeled four-unit building with two 2-bedroom and two 3-bedroom-plus-den units in Santa Monica.

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    Santa Monica Quadplex Investment Opportunity
    Santa Monica Quadplex Investment Opportunity

    2117 Stewart St, Santa Monica, CA 90404

    $1,915,000
    5,600 sqft

    Four units near Santa Monica Pier with expansion potential.

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    Santa Monica Multifamily Investment Opportunity
    Santa Monica Multifamily Investment Opportunity

    1233 14th St, Santa Monica, CA 90404

    $3,200,000
    5,536 sqft 0.17 AC lot

    8-unit apartment building with upgrade potential in Santa Monica.

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    Renovated 23-Unit Apartment Building
    Renovated 23-Unit Apartment Building

    1115 14th St, Santa Monica, CA 90403

    $19,750,000
    34,281 sqft 0.35 AC lot

    Renovated 1972 building with modern interiors, updated elevator and parking, plus a renovated two-story penthouse.

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    Santa Monica Development Opportunity
    Santa Monica Development Opportunity

    3024 Pico, Santa Monica, CA 90405

    $3,350,000
    17,550 sqft

    Three contiguous properties for development in Santa Monica's Sunset Park.

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    Multifamily Development Assembly
    Multifamily Development Assembly

    3024 Pico Boulevard, Santa Monica, CA 90405

    $3,350,000

    Three contiguous lots offer a fully tenanted 6-unit residence plus retail and office buildings, zoned SM NC/R2.

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    Santa Monica Multifamily Investment Opportunity
    Santa Monica Multifamily Investment Opportunity

    1813 9th Street, Santa Monica, CA 90404

    $2,980,000
    7,763 sqft 0.17 AC lot

    Well-located 6-unit multifamily property near the beach.

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    Residential Income Quadplex
    Residential Income Quadplex

    238 Bicknell, Santa Monica, CA 90405

    $1,849,000
    0.14 AC lot

    For-sale quadplex in Santa Monica, CA on a 0.1379-acre lot.

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    Ocean Park Multifamily Investment
    Ocean Park Multifamily Investment

    638 Grant St, Santa Monica, CA 90405

    $2,657,000
    3,740 sqft

    Santa Monica multifamily property with significant rent upside potential.

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    Quadplex Income Property for Sale
    Quadplex Income Property for Sale

    2117 Stewart Street, Santa Monica, CA 90404

    $1,915,000
    0.13 AC lot

    Quadplex income property offered for sale on a 0.1283-acre lot in Santa Monica, California.

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    Ocean Avenue Apartments For Sale
    Ocean Avenue Apartments For Sale

    901 Ocean Avenue, Santa Monica, CA 90403

    $27,500,000
    30,954 sqft 0.34 AC lot

    Coastal bluff apartment building with ocean views in Santa Monica.

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    Split-Level Four-Unit Residential Income
    Split-Level Four-Unit Residential Income

    631 Pier Ave, Santa Monica, CA 90405

    $2,995,000

    Four split-level units include mini-split A/C and four private garages, with updated interiors and decking throughout.

    View details

    Santa Monica, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Santa Monica, CA, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 227,631 square feet of properties for sale, with an estimated market value of $129,215,000.

    Sale prices for multifamily properties in Santa Monica, CA start at $1,915,000, averaging $5,168,600, and reaching up to $27,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 25
    Quadplexes 9
    Triplexes 4
    Duplexes 3
    Short term rental properties 2

    Demographics Overview

    Population 94K
    Population Growth (5Y) +0.4%
    Median Household Income $116,661
    College Educated 46.0%

    High-Yield Neighborhoods for Investment

    Identify Santa Monica submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    90404 $2.9M
    90405 $3.1M
    90401 $4.5M
    90403 $8M
    90402 $11.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $5.19 per SF
    Tax Rate vs County Average 0.07 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Los Angeles County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Los Angeles County

    Retail

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Santa Monica fall within the 5,000 to 10,000 square foot range.

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    Most Searched ZIP Codes in Santa Monica, CA

    • 90405
    • 90404
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    • 90401

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