1113 26th St - Apartments FOR SALE


Santa Monica, CA 90403- Northeast
$10,250,000 USD
323-515-8302
1113 26th St, Santa Monica, CA for Sale
$10,250,000 USD
Apartments - FOR SALE
1/8
null | 4.39% Cap Rate

1113 26th St
Santa Monica, CA 90403
Northeast


HIGHLIGHTS

  • Value-add opportunity through interior upgrades and operational optimization.
  • Situated on a 31,157 SF R3-zoned lot with 25,604 SF of improvements across four separate buildings.
  • Includes (19) 1 Bed / 1 Bath and (9) 2 Bed / 1 Bath units—ideal for both working professionals and small families.
  • All units have individual water heaters, reducing ownership utility costs and enhancing operating efficiency.
  • Includes 12 enclosed garages: (4) one-car and (8) two-car—providing a total of 20 parking spaces, a premium feature in this dense urban location.
  • Family-owned for decades with strong historical occupancy and pride of ownership.

OVERVIEW

Arbor Realty Capital Advisors is pleased to present a rare investment opportunity to acquire a 28-unit multifamily apartment portfolio located at 1113 - 1127 26th Street in the heart of Santa Monica. Nestled in one of Southern California’s most desirable coastal communities, this asset offers investors stable in-place income with significant long-term value appreciation in a supply-constrained and high-demand rental market. Situated in the highly sought after, north of Wilshire Boulevard location, the property spans a 31,157 square foot SMR-2 zoned lot and features approximately 25,604 square feet of improvements across four separate buildings. The location boasts a Walk Score of 87 (“Very Walkable”), with convenient access to Erewhon, Whole Foods, Trader Joe’s, Montana Avenue retail, highly rated restaurants, cafes, and more. Proximity to several prominent hospitals, Santa Monica College, UCLA, tech employers, and world-renowned beaches further enhances tenant appeal. Originally constructed in 1961 and owned by the same family for decades, the property is well-maintained and consists of a desirable unit mix: (19) 1 Bed / 1 Bath and (9) 2 Bed / 1 Bath apartments. Each unit is individually metered for gas and electricity and features their own water heaters, providing strong operational efficiency for future ownership. Parking is provided via twelve (12) enclosed garages, including four (4) single-car and eight (8) two-car garages, for a total of 20 parking spaces—a valuable amenity in this densely populated neighborhood. The community also offers on-site laundry facilities and pleasant open spaces between buildings, contributing to long-term tenant retention. This asset presents a prime value-add opportunity, with meaningful rental upside estimated at +/- 28%, through strategic renovations and repositioning. With its combination of location, unit count, parking, and inherent potential, 1113 - 1127 26th Street represents a compelling investment offering in the core of Santa Monica’s thriving multifamily market.

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

28

PRICE/UNIT

$366,071

CAP RATE

4.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,157 SF

ZONING

SMR2*

APN/PARCEL ID

4266-016-062

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.