Santa Monica, California is one of the most prestigious and desirable coastal markets for multifamily investment on the Westside of Los Angeles. Renowned for its pristine beaches, upscale lifestyle, and strong rental demand, Santa Monica consistently appeals to affluent tenants and delivers resilient long-term value for apartment building owners and investors.
Santa Monica is home to iconic landmarks including the historic Santa Monica Pier, Santa Monica State Beach, and the popular Third Street Promenade. The neighborhood offers residents an unmatched coastal lifestyle with bike paths, oceanfront parks, and year-round community events. Its prime location provides excellent access to Beverly Hills, Culver City, Venice, LAX, and all major freeways.
For multifamily investors, Santa Monica stands out due to its limited housing supply, strong demand from high-income professionals and executives, and consistent appreciation. The combination of beach proximity, walkability, and urban amenities makes it one of the most stable and high-performing apartment markets on the Westside.
Santa Monica
2025 Santa Monica Multifamily Market Statistics at a Glance
Santa Monica Annual Multifamily Apartment Building Sales Statistics*
Buildings Sold
68
Average Sale Price
$3,230,941
Average Price Per Unit
$392,012
Average Months to Sale
5.8 Months
Average Price Per SF
$430
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2025 Q3: Santa Monica, California Multifamily Average Rent: $3,6,56 Average Vacancy Rate: 10.5%Average Rent vs Vacancy Rate- Historical & Estimated
2025: Santa Monica, California Average GRM: 13.0 , Cap Rate 5.5%Average GRM and Cap Rate- Historical
2025: Santa Monica, California Multifamily Buildings Sold: 50Historical and estimated market statistics for the Santa Monica, California multifamily apartment building submarket. The graphs above show the average Price/Unit, Price/SF, GRM, Cap Rate, Rent and Vacancy for Santa Monica multifamily apartment buildings for the years 2020-2025. *All data has been obtained from CoStar. Jake Plewa, the Taksa Investment Group and ReMax Commercial cannot guarantee the accuracy of the data above. The graphs and statistics are for information purposes only. Number of Multifamily Buildings Sold- Historical
2025: Santa Monica, California Multifamily Average Price/Unit Sold: $392,012 Price/SF Sold: $430Average Price/Unit and Price/SF- Historical
Los Angeles Apartment Brokerage Services
We are a full-service real estate brokerage specializing in Los Angeles apartment building sales and multifamily transactions. With a powerful nationwide network of lenders, brokers, and industry professionals, we deliver exceptional results for apartment building owners and investors both locally in Greater Los Angeles and across the United States.
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Our experienced team delivers accurate apartment building valuations and multifamily property valuations throughout Los Angeles, Santa Monica and the beach cities. Using in-depth market analysis and recent comparable sales (comps), we help apartment owners determine true market value — ideal for inherited buildings, estate planning, or tax purposes.
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Our experienced team specializes in representing sellers of Los Angeles and Santa Monica apartment buildings and multifamily properties. We provide unmatched buyer exposure through our nationwide network, strategic marketing on LoopNet, CoStar, CREXi, and MLS, and targeted campaigns that attract serious investors fast.
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Our experienced team expertly guides investors through 1031 exchanges, helping you identify the ideal replacement property — particularly in sought-after NNN properties and triple net lease investments. We manage the full 1031 exchange process with confidence, supported by a proven track record and an extensive network of NNN experts.
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Whether you're completing a 1031 exchange or seeking a passive investment, our nationwide network connects you with premium NNN properties, triple net lease investments, and high-quality single-tenant replacement properties. We help you find the right assets for steady cash flow and minimal management, backed by deep relationships across the U.S.