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    Santa Monica, CA Residential Income Properties for Sale

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    Santa Monica Development Opportunity
    Updated: Apr 24
    Santa Monica Development Opportunity

    3024 Pico, Santa Monica, CA 90405

    $3,350,000
    17,550 sqft
    Rare three‑property development assembly in Santa Monica's Sunset Park neighborhood.
    17,550 sq ft of land with 150 feet of frontage on Pico Boulevard.
    Santa Monica Neighborhood Commercial (NC) zoning allows for flexible mixed‑use development.
    Immediate, diversified cash flow from existing retail, office, and residential tenants.
    High Walk Score (81) and Bike Score (95) offer convenient access to amenities.
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    This listing looks promising.

    Here's a quick look at some key insights for

    3024 Pico, Santa Monica, CA 90405

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $282K
      Annual

    • Mortgage

      $350K
      May 2023

    • Property Type

      Apartment House
      Built 1957
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    Five-Unit Residential Income Property
    Updated: Jul 23
    Five-Unit Residential Income Property

    1817 Euclid St, Santa Monica, CA 90404

    $2,995,000
    5,027 sqft 0.17 AC lot
    5‑unit contemporary property built in 1955 with central heating
    Four of five units are vacant and move‑in ready; one 2BD/1BA unit is currently tenant‑occupied
    Front owner’s unit: 3BD/2BA with two separate outdoor entertaining spaces and dedicated front parking
    Back units include updated 1BD/1BA units (some with city views) plus a spacious 2BD/1BA unit
    Three separate existing spaces offer potential to add up to three ADUs
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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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    Vacant Triplex with In-Unit Laundry
    Vacant Triplex with In-Unit Laundry

    1817 17th St, Santa Monica, CA 90404

    $2,295,000
    2,700 sqft 0.18 AC lot

    Completely vacant three-unit triplex with in-unit washer and dryer and mini-split heating and air conditioning throughout.

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    10-Unit Apartment Building with Parking
    10-Unit Apartment Building with Parking

    1444 Euclid, Santa Monica, CA 90404

    $2,800,000
    6,248 sqft 0.17 AC lot

    Built in 1958, this 10-unit multifamily property offers a mix of studios and one- and three-bedroom units with on-site parking.

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    Remodeled 3-Unit Compound
    Remodeled 3-Unit Compound

    828 Hill St, Santa Monica, CA 90405

    $1,995,000
    1,796 sqft 0.14 AC lot

    Remodeled triplex with vacant 2-bedroom house and two 1-bedroom cottages, each with separate laundry facilities.

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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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    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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    Six-Unit Residential Income Property
    Six-Unit Residential Income Property

    1937 17th St, Santa Monica, CA 90404

    $2,250,000
    4,840 sqft 0.18 AC lot

    Six-unit residential income asset with on-site parking and recent roof and electrical upgrades.

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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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    Split-Level Four-Unit Residential Property
    Split-Level Four-Unit Residential Property

    631 Pier Ave, Santa Monica, CA 90405

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

    Four split-level units with private garages and mini split A/C, built in 1961 and improved with updated finishes.

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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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    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 Multifamily Investment Opportunity
    Santa Monica Multifamily Investment Opportunity

    2411 20th St, Santa Monica, CA 90405

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

    Rare opportunity in a sought-after coastal rental market.

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

    238 Bicknell, Santa Monica, CA 90405

    $1,849,000
    2,369 sqft 0.14 AC lot

    Four-unit multifamily property with detached garages, shared laundry, and unit access from the front and rear.

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    Live-Work Residences Triplex
    Live-Work Residences Triplex

    1411 Cloverfield Blvd, Santa Monica, CA 90404

    $2,895,000
    4,098 sqft 0.05 AC lot

    Boutique three-unit live-work property featuring hardwood floors, central HVAC, private outdoor space, and secure off-street parking.

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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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    Renovated 12-Unit Apartment Building
    Renovated 12-Unit Apartment Building

    2626 Cloverfield, Santa Monica, CA 90405

    $4,750,000
    5,968 sqft

    Renovated 12-unit building with refreshed interiors, in-unit washer/dryer, select air conditioning, and six surface parking spaces.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    537 San Vicente Blvd, Santa Monica, CA 90402

    $15,395,000
    40,412 sqft 0.51 AC lot

    Multifamily property with a mix of 1- and 2-bedroom units, on-site laundry, parking for 33 cars, and a pool.

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    1950s Walkup Apartment Building
    1950s Walkup Apartment Building

    1129 Lincoln BLVD, Santa Monica, CA 90403

    $3,700,000
    7,377 sqft

    Two-story walkup features 10 rent-controlled units, gated courtyard access, on-site laundry, and parking garages plus surface spaces.

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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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    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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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    2122 20th St, Santa Monica, CA 90405

    $2,300,000
    3,008 sqft

    Six 1-bedroom, 1-bath units with two vacancies and potential rear ADU conversion, generating $179,604 gross annually.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    238 Bicknell, Santa Monica, CA 90405

    $1,849,000
    0.14 AC lot

    Four-unit multifamily property with detached garages and shared laundry, master metered for water.

    View details

    Santa Monica, CA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Santa Monica, CA, showcased through 69 active listings on our real estate platform. These investment opportunities span a total of 287,167 square feet of properties for sale, with an estimated market value of $225,407,000.

    Sale prices for residential income properties in Santa Monica, CA start at $1,800,000, averaging $4,795,893, 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

    Multifamily properties 72
    Apartment buildings 49
    Quadplexes 12
    Duplexes 5
    Triplexes 5

    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
    • 90403
    • 90404
    • 90401
    • 90402

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