525 Santa Monica Blvd - Apartments FOR SALE


Santa Monica, CA 90401- Mid-City Santa Monica
$32,900,000 USD
525 Santa Monica Blvd, Santa Monica, CA for Sale
$32,900,000 USD
Apartments - FOR SALE
1/109
null | 4.91% Cap Rate

525 Santa Monica Blvd
Santa Monica, CA 90401
Mid-City Santa Monica


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.
  • Units features a private balcony, providing residents with outdoor living space, natural light, and elevated views.
  • 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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$32,900,000 USD

PRICE/SF

$677 USD /SF

# OF UNITS

43

PRICE/UNIT

$765,116

CAP RATE

4.91%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

519-525 Santa Monica Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2012

PARKING SPACES

134

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

SMC3*

APN/PARCEL ID

4291-010-012

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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