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519-525 Santa Monica Blvd 525 Santa Monica Blvd 43 Unit Apartment Building $32,900,000 ($765,116/Unit) 4.91% Cap Rate Santa Monica, CA 90401
Investment Highlights
- diverse unit mix with 23 one-bedroom/one-bath and 17 two-bedroom/two-bath apartments, complemented by 8,789 SF of retail space.
- Institutional-quality, Class A property in one of Southern California’s most supply-constrained and high-barrier coastal markets.
- Newer build with efficient layouts, secure access, and contemporary finishes that attract high-income renters and support premium pricing.
- Units features a private balcony, providing residents with outdoor living space, natural light, and elevated views.
- Steps from transit, retail, dining, and major lifestyle amenities that consistently drive tenant demand and long-term rent growth.
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present 519–525 Santa Monica Blvd, a 43-unit mixed-use investment opportunity located in the highly sought-after coastal market of Santa Monica. The property consists of 40 residential units and approximately 8,789 square feet of retail across three commercial spaces, offering investors a diversified income stream in a premier Westside location.
Built in 2012, the fee-simple asset features modern construction and a high-quality residential product complemented by street-level retail, supporting strong in-place income and long-term tenant demand. The property provides a well-balanced mix of residential stability and retail exposure in one of Los Angeles’ most supply-constrained submarkets.
519–525 Santa Monica Blvd benefits from a prime infill location just steps from the beach and within close proximity to world-class dining, retail, and entertainment along Santa Monica’s vibrant commercial corridors. The asset also offers convenient access to major Westside employment hubs, including Silicon Beach and surrounding tech and creative office markets.
Santa Monica remains one of the most desirable rental markets in Los Angeles, driven by its coastal lifestyle, affluent tenant base, and strong demand fundamentals, making 519–525 Santa Monica Blvd a compelling investment opportunity with both stability and long-term upside.
Built in 2012, the fee-simple asset features modern construction and a high-quality residential product complemented by street-level retail, supporting strong in-place income and long-term tenant demand. The property provides a well-balanced mix of residential stability and retail exposure in one of Los Angeles’ most supply-constrained submarkets.
519–525 Santa Monica Blvd benefits from a prime infill location just steps from the beach and within close proximity to world-class dining, retail, and entertainment along Santa Monica’s vibrant commercial corridors. The asset also offers convenient access to major Westside employment hubs, including Silicon Beach and surrounding tech and creative office markets.
Santa Monica remains one of the most desirable rental markets in Los Angeles, driven by its coastal lifestyle, affluent tenant base, and strong demand fundamentals, making 519–525 Santa Monica Blvd a compelling investment opportunity with both stability and long-term upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $32,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $765,116 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 4.91% | Building Size | 52,954 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 95% |
| No. Units | 43 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Apartment | Parking Ratio | 2.53/1,000 SF |
| Zoning | SMC3* - Commercial | ||
| Price | $32,900,000 |
| Price Per Unit | $765,116 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 52,954 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 2012 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | SMC3* - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Stainless Steel Appliances
- Wheelchair Accessible (Rooms)
Site Amenities
- On-Site Retail
- Elevator
- On-Site ATM
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 827 - 921 |
| 2+2 | 17 | - | 918 - 1,180 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4291-010-012 | Improvements Assessment | $31,952,257 |
| Land Assessment | $2,091,045 | Total Assessment | $34,043,302 |
Property Taxes
Parcel Number
4291-010-012
Land Assessment
$2,091,045
Improvements Assessment
$31,952,257
Total Assessment
$34,043,302
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519-525 Santa Monica Blvd | 525 Santa Monica Blvd
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