Mixed-Use
519-525 Santa Monica Blvd
519-525 Santa Monica Blvd, Santa Monica, CA 90401
Listing Price: $32,900,000
Cap Rate
4.89%
Number of Units
40
Occupancy
93.0%
Price/Unit
$822,500
Price/Gross SF
$621.29
Gross SF
52,954
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 519-525 Santa Monica Blvd, a 40-unit and 8,789 SF retail investment opportunity located in the 90401 zip code of Santa Monica, a submarket of Los Angeles, CA.
Investment Highlights
- A diverse unit mix with 23 one-bedroom/one-bath and 17 two-bedroom/two-bath apartments, complemented by 8,789 SF of retail space, providing income stability and downside protection across market cycle
- Units feature a private balcony, providing residents with outdoor living space, natural light, and elevated views, boosting both desirability and potential rental income.
- Institutional-quality, Class A property in one of Southern California's most supply-constrained and high-barrier coastal markets.
- Steps from transit, retail, dining, and major lifestyle amenities that consistently drive tenant demand and long-term rent growth.
- Newer build with efficient layouts, secure access, and contemporary finishes that attract high-income renters and support premium pricing.
- Each unit is equipped with a washer and a dryer: With Santa Monica's active, professional tenant base, in-unit laundry is a highly sought-after amenity that enhances daily convenience and supports stronger tenant retention.
Exclusively Listed By
Listing Price: $32,900,000
Cap Rate
4.89%
Number of Units
40
Occupancy
93.0%
Price/Unit
$822,500
Price/Gross SF
$621.29
Gross SF
52,954
Investment Highlights
- A diverse unit mix with 23 one-bedroom/one-bath and 17 two-bedroom/two-bath apartments, complemented by 8,789 SF of retail space, providing income stability and downside protection across market cycle
- Units feature a private balcony, providing residents with outdoor living space, natural light, and elevated views, boosting both desirability and potential rental income.
- Institutional-quality, Class A property in one of Southern California's most supply-constrained and high-barrier coastal markets.
- Steps from transit, retail, dining, and major lifestyle amenities that consistently drive tenant demand and long-term rent growth.
- Newer build with efficient layouts, secure access, and contemporary finishes that attract high-income renters and support premium pricing.
- Each unit is equipped with a washer and a dryer: With Santa Monica's active, professional tenant base, in-unit laundry is a highly sought-after amenity that enhances daily convenience and supports stronger tenant retention.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 519-525 Santa Monica Blvd, a 40-unit and 8,789 SF retail investment opportunity located in the 90401 zip code of Santa Monica, a submarket of Los Angeles, CA.
Exclusively Listed By