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1916-1930 Arizona Ave 9 Unit Apartment Building $3,425,000 ($380,556/Unit) 4.66% Cap Rate Santa Monica, CA 90404
Executive Summary
9 Unit Apartment Building for sale by owner in the heart of Santa Monica! Positioned on a desirable corner lot with “Healthcare Mixed-Use” zoning. An excellent mix of unit formats, recent renovations, and desirable location make this property an excellent investment—providing both strong cash-flow and medical development potential. Fully rented — zero vacancies!
Investment Highlights:
- Santa Monica Healthcare Mixed-Use zoning
- Offered at strong CAP and low GRM
- Fully rented, no vacancies
- Centrally located near retail, medical, schools, and entertainment corridors
- Recent renovations to multiple units, below market rent with NOI growth potential
Investment Highlights:
- Santa Monica Healthcare Mixed-Use zoning
- Offered at strong CAP and low GRM
- Fully rented, no vacancies
- Centrally located near retail, medical, schools, and entertainment corridors
- Recent renovations to multiple units, below market rent with NOI growth potential
Property Facts
| Price | $3,425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $380,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.66% | Building Size | 6,003 SF |
| Gross Rent Multiplier | 13.84 | Average Occupancy | 89% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1939/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | SMHMU - Santa Monica Healthcare Mixed-Use Zoning | ||
| Price | $3,425,000 |
| Price Per Unit | $380,556 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 13.84 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,003 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2025 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | SMHMU - Santa Monica Healthcare Mixed-Use Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 4 | - | - |
| 2+2 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4276-028-001 | Improvements Assessment | $602,731 |
| Land Assessment | $1,130,132 | Total Assessment | $1,732,863 |
Property Taxes
Parcel Number
4276-028-001
Land Assessment
$1,130,132
Improvements Assessment
$602,731
Total Assessment
$1,732,863
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1916-1930 Arizona Ave
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