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Santa Monica

Situated on the Santa Monica Bay, the city of Santa Monica is bordered on three sides by different

neighborhoods of the City of Los Angeles and by the Pacific Ocean on the west. Santa Monica is home to many Hollywood celebrities and executives, and is a mixture of affluent single-family neighborhoods, condominiums, and apartment buildings housing mainly professionals or students. Partly because of its agreeable climate, Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth, and increased tourism.


With scarcity of land to build and the city’s desirability to live and work, the residential real estate market is a very stable one. Home prices continue to experience an overall combined average annual growth rate of approximately six percent per year over the last decade, have experienced minimal decreases during the most recent economic downturn.


Santa Monica is comprised of several neighborhoods. The most notable residential neighborhoods include:
North of Montana, Wilshire-Montana, Ocean Avenue, Ocean Park, Sunset Park, Midtown, and the Santa Monica Canyon. The following is a residential real estate market performance report for the first quarter of 2016, as well as the last ten years for each of these neighborhoods.

Santa Monica

110 Larkin Pl Santa Monica, CA

$11,000,000 €9,697,435

Residential, Single Family

  • 4 Beds
  • 5 Baths
  • 3,697 SqFt
  •  

Ocean view home with estate sized lot overlooking Santa Monica Canyon (sold for land value). Remodel or build new on a private, gated property located on quiet cul-de-sac within short distance to beach and shopping. This rim-side ocean view home's...

792 San Lorenzo St Santa Monica, CA

$10,450,000 €9,212,563

Residential, Single Family

  • 6 Beds
  • 7 Baths
  • 6,845 SqFt
  •  

Extensively remod Rustic Modern Estate perched above historic Riviera Golf Course in most scenic corner of SM Canyon. Set off st, behind tall gates, at end of extremely qt cul de sac on 2/3 of an acre (per assr) of lush, pvt grounds, this pristine...

Undisclosed Address Santa Monica, CA

$9,300,000 €8,198,741

Residential Income, Apartment Building

  • 26 Beds
  • 24 Baths
  • 14,698 SqFt
  •  

We are proud to present a rare opportunity to acquire (2) two side by side (11) unit apartment complexes in beautiful Santa Monica located at 1433 & 1437 Euclid Street. The properties sit on an expansive 15,017 sq ft double lot, and consists of ei...

1610 Broadway Santa Monica, CA

$8,950,000 €7,890,186

Residential Income, Apartment Building

  • 15 Beds
  • 16 Baths
  • 11,211 SqFt
  •  

444 21st St Santa Monica, CA

$7,895,000 €6,960,114

Residential, Single Family

  • 6 Beds
  • 8 Baths
  • 7,311 SqFt
  •  

This stunning Cape Cod Traditional boasts seclusion amid the coveted North of Montana locale. Designed by architect Ken Ungar, this 3-story home is replete with contemporary finishes and vast interconnected living spaces that satiate an effortless...

515 Ocean Ave Nphc Santa Monica, CA

$7,250,000 €6,391,491

Residential, Condominium

  • 3 Beds
  • 5 Baths
  • 3,175 SqFt
  •  

Once in a lifetime opportunity to own the exclusive N/W corner Penthouse of Santa Monica's prestigious Park Plaza on Ocean Avenue. Only a few penthouses in Santa Monica can offer the breathtaking views, space & privacy offered here. First time on ...

NEW TO MARKET

323 21st Place Santa Monica, CA

$6,950,000 €6,127,016

Residential, Single Family

  • 5 Beds
  • 8 Baths
  • 8,180 SqFt
  •  

*** Price Reduction, buy your dream home at the lowest price listed in the area *** Elegant 3 story home built in 1994. First time on the market in 23 years! Proudly presenting 323 21st Pl Santa Monica situated on an expensive super exclusive prem...

1130 Georgina Ave Santa Monica, CA

$6,495,000 €5,725,895

Residential, Single Family

  • 3 Beds
  • 2 Baths
  • 2,325 SqFt
  •  

Architectural plans for a stunning new three level Traditional home are included for this beautiful site on a 12,383 sq. ft. lot on coveted Georgina Avenue. All the heavy lifting has been done with the city of Santa Monica. Don't miss this fantast...

238 19th St Santa Monica, CA

$6,495,000 €5,725,895

Residential, Single Family

  • 5 Beds
  • 7 Baths
  • 4,730 SqFt
  •  

Beautifully appointed Modern Farmhouse with 5 bedrooms and 6.5 baths. Approx. 4,730 sqft of well-crafted living space; just completed with designer finishes. Light, wide-plank hardwood floors, high ceilings, skylights, mountain views and generousl...

NEW TO MARKET

817 12th St Santa Monica, CA

$6,400,000 €5,642,144

Residential Income, Apartment Building

  • 10,639 SqFt
  •  

11 Very large units in one of the best locations in Santa Monica! Located on one of the best north/south streets in SM and just steps from Montana Avenue this great 11-unit has more than 100% rental upside. Great unit mix which includes four large...

920 Alta Ave Santa Monica, CA

$6,395,000 €5,637,736

Residential, Single Family

  • 6 Beds
  • 7 Baths
  •  

Architectural oasis located on a quiet corner lot North of Montana- just moments from restaurants & the beach. Steel, wood & glass set the stage for serene living tucked behind privacy walls & hedges. Clean lines & crisp details; built & designed...

1255 Palisades Beach Rd Santa Monica, CA

$5,995,000 €5,285,102

Residential, Single Family

  • 3 Beds
  • 4 Baths
  • 3,197 SqFt
  •  

Extraordinary oceanfront architectural gem situated perfectly along the Santa Monica boardwalk just north of the pier. This modern architectural corner home features 180 degree sweeping ocean and coastline views that include sand, surf, boardwalk,...

Welcome to

Market Snapshot

Median sale price as of June 2017

$2,150,000

Median rental price as of June 2017

$11,500

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