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    Santa Monica, CA Multifamily Properties for Sale

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    15-Unit Streamline Moderne Apartment Building
    Updated: Oct 2
    15-Unit Streamline Moderne Apartment Building

    953 11th St, Santa Monica, CA 90403

    $7,995,000
    11,850 sqft 0.17 AC lot
    15 apartments across four buildings and two parcels
    11,850 square feet of living space on a 15,016‑square‑foot lot
    Unit mix: one two‑bedroom, two‑bath townhouse; four two‑bedroom, one‑bath units; six one‑bedroom, one‑bath units; four studios
    Built in 1937 with Streamline Moderne architectural details
    Nine garage parking spaces and an on‑site laundry room
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    Triplex with Detached Rear Residence
    Updated: Sep 24
    Triplex with Detached Rear Residence

    2252 20th St, Santa Monica, CA 90405

    $2,559,000
    2,590 sqft 0.17 AC lot
    Three units: two one‑bedroom residences and one two‑bedroom residence
    2,590 square feet of building area on a 7,187‑square‑foot lot
    Detached rear residence with garage, alley‑access parking for three vehicles, and EV charger
    Individual washers and dryers; central heating and air conditioning in all units
    SMR2* zoning; near Santa Monica College and approximately two miles from Santa Monica Pier and other area destinations
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    Four-Unit Apartment Building with Courtyard
    Four-Unit Apartment Building with Courtyard

    2710 Arizona Ave, Santa Monica, CA 90404

    $1,800,000
    2,342 sqft 0.12 AC lot

    A detached garage along the rear alley provides separate office or studio space in addition to the apartments.

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    7-Unit Townhouse-Style Apartment Building
    7-Unit Townhouse-Style Apartment Building

    1434 Berkeley St, Santa Monica, CA 90404

    $2,500,000
    8,390 sqft 0.18 AC lot

    Multifamily property with varied floor plans, on-site parking, and unit-level laundry in Santa Monica’s Mid-City neighborhood.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    852 17th St, Santa Monica, CA 90403

    $4,795,000
    7,908 sqft 0.17 AC lot

    Residents have updated kitchens, wood flooring, parking, and storage across the apartment property.

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    Ocean-View Apartment Building
    Ocean-View Apartment Building

    834 2nd St, Santa Monica, CA 90403

    $7,000,000
    13,266 sqft 0.17 AC lot

    Renovated interiors, controlled entry, elevator access, and garage parking serve the apartment building.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    828 16th St, Santa Monica, CA 90403

    $4,895,000
    9,700 sqft 0.17 AC lot

    The three-level front residence includes a bonus room, private laundry, and four-car garage.

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    15-Unit Streamline Moderne Apartment Building
    15-Unit Streamline Moderne Apartment Building

    953 11th St, Santa Monica, CA 90403

    $7,995,000
    11,850 sqft 0.34 AC lot

    Four buildings offer varied apartment layouts, garage parking and shared laundry facilities.

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    Vacant Three-Unit Residential Property
    Vacant Three-Unit Residential Property

    1817 17th St, Santa Monica, CA 90404

    $1,995,000
    2,700 sqft 0.18 AC lot

    Three residences each offer two bedrooms, two bathrooms, climate control, and an in-unit washer and dryer.

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    Cottage-Style Duplex
    Cottage-Style Duplex

    1630 Franklin St, Santa Monica, CA 90404

    $1,995,000
    1,892 sqft 0.12 AC lot

    Two separate residences include one vacant unit and a second home with an existing tenant.

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    Apartment Building with Private Patios
    Apartment Building with Private Patios

    1301 11th St, Santa Monica, CA 90401

    $2,975,000
    9,485 sqft

    Occupied multifamily property with on-site parking, private outdoor space, and two vacant one-car garages.

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    Detached Duplex with Four-Car Garage
    Detached Duplex with Four-Car Garage

    1014 Pier Ave, Santa Monica, CA 90405

    $1,999,000
    2,210 sqft 0.11 AC lot

    Two detached homes offer private outdoor areas and separate living spaces on one residential parcel.

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    4-Unit Quadplex
    4-Unit Quadplex

    1147 24th St, Santa Monica, CA 90403

    $2,195,000
    1,469 sqft 0.14 AC lot

    Two studios and two one-bedroom residences provide a varied unit mix, with one apartment currently vacant.

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    Three-Unit Live-Work Property
    Three-Unit Live-Work Property

    1411 Cloverfield Blvd, Santa Monica, CA 90404

    $2,895,000
    4,098 sqft

    Flexible property combining private residences, workspace, outdoor areas, and secure off-street parking.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    842 11th St, Santa Monica, CA 90403

    $13,995,000
    14,334 sqft 0.17 AC lot

    Remodeled residences offer varied bedroom layouts, with gated subterranean parking and owner-owned laundry facilities.

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    Bungalow Duplex with Detached Studio
    Bungalow Duplex with Detached Studio

    607 Ashland Ave, Santa Monica, CA 90405

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

    Two residences include a private courtyard and a separate studio with flexible workspace potential.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    848 5th Street, Santa Monica, CA 90403

    $4,075,000
    7,192 sqft 0.17 AC lot

    Two-building multifamily property with renovated residences, dedicated laundry, landscaped common areas, and on-site parking.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    1252 23rd St, Santa Monica, CA 90404

    $2,395,000
    5,428 sqft 0.12 AC lot

    Santa Monica quadplex with mixed occupancy, on-site parking, and a vacant upper-level residence.

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    Six-Unit Apartment Building with Garages
    Six-Unit Apartment Building with Garages

    828 16TH Street, Santa Monica, CA 90403

    $4,895,000
    9,700 sqft

    Mix of townhouse and single-level residences supports both owner-user and investment configurations.

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    Five-Unit Multifamily Bungalow
    Five-Unit Multifamily Bungalow

    852 11th St, Santa Monica, CA 90403

    $3,999,999
    3,550 sqft 0.17 AC lot

    A front bungalow is accompanied by four rear apartments, including studios and one-bedroom units.

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    4-Unit Residential Property
    4-Unit Residential Property

    1252 23rd St, Santa Monica, CA 90404

    $2,395,000
    5,428 sqft

    A vacant upper-level 3-bedroom residence accompanies a tenant-occupied front townhouse with 3 bedrooms.

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    6-Unit Apartment Building with Garages
    6-Unit Apartment Building with Garages

    947 17th St, Santa Monica, CA 90403

    $2,695,000
    4,137 sqft 0.17 AC lot

    Updated apartments feature shared laundry, electric heating, and dedicated garage parking.

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    Vacant Triplex with In-Unit Laundry
    Vacant Triplex with In-Unit Laundry

    1817 17th St, Santa Monica, CA 90404

    $1,995,000
    2,700 sqft 0.18 AC lot

    Each residence offers two bedrooms, two bathrooms, mini-split heating and air conditioning, and a washer and dryer.

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    Approved 7-Unit Apartment Property
    Approved 7-Unit Apartment Property

    914 18th St, Santa Monica, CA 90403

    $2,495,000
    5,100 sqft 0.18 AC lot

    Approved plans add three residences to a courtyard property with four existing bungalow-style homes.

    View details
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    Santa Monica, CA Multifamily Properties Market Trends and Statistics

    Explore 93 multifamily properties for sale in Santa Monica, CA, showcased through 93 active listings on our real estate platform. These investment opportunities span a total of 412,886 square feet of properties for sale, with an estimated market value of $364,291,498.

    Sale prices for multifamily properties in Santa Monica, CA start at $1,262,500, averaging $4,003,203, and reaching up to $19,250,000 — 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 52
    Quadplexes 22
    Duplexes 8
    Triplexes 8
    Short term rental properties 3

    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 $2.4M
    90405 $3M
    90401 $4.2M
    90403 $5.1M
    90402 $15.4M

    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 Residential Income pricing trends in Los Angeles County

    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.

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Santa Monica, CA

    • 90403
    • 90404
    • 90405
    • 90401
    • 90402

    Featured Santa Monica Real Estate Agencies

    Realmo connects you with licensed Santa Monica CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Wesley V. Wellman
    1415 Stanford Street #5 Santa Monica, CA 90404
    Phone: (310) 829-7423
    www.wellmanproperties.com
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