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Santa Monica

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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

595 E Channel Rd Santa Monica, CA

$18,500,000 €15,481,170

Residential, Single Family

  • 8 Beds
  • 10 Baths
  • 9,422 SqFt
  •  

Tucked behind gates and hedges on the exclusive East Channel Road in Santa Monica Canyon, this Marmol Radziner design is an architectural masterpiece on a 40,000 square foot lot. This sun-filled two-story home has a double-height living room ancho...

NEW TO MARKET

834 4th St Santa Monica, CA

$17,950,000 €15,020,919

Residential Income, Apartment Building

  • 47 Beds
  • 47 Baths
  • 32,856 SqFt
  •  

A ++ Location! Very Rare Investment Opportunity. Only changed ownership once in about past 30 + Years. Almost a 3% CAP, less than $550 per sq ft and about $561,000 cost per unit. About 30% to 40% upside in rents, 5 units will be delivered vacant a...

NEW TO MARKET

110 Larkin Pl Santa Monica, CA

$11,000,000 €9,205,020

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...

NEW TO MARKET

1610 Broadway Santa Monica, CA

$8,950,000 €7,489,539

Residential Income, Apartment Building

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

235 19th St Santa Monica, CA

$8,699,000 €7,279,497

Residential, Single Family

  • 6 Beds
  • 9 Baths
  • 8,299 SqFt
  •  

This luxury home is a step above any you have seen, in a class of its own. Live and entertain in grand style in this new construction North of Montana. Twenty foot entrance hall leads to spacious office, grand living room and formal dining room wi...

1427 Georgina Ave Santa Monica, CA

$7,395,000 €6,188,284

Residential, Single Family

  • 4 Beds
  • 4 Baths
  • 5,243 SqFt
  •  

This architectural masterpiece is a triumph in home design, function, and environmental sustainability. Its iconic presence is defined by a sophisticated facade, pitched-roof, walls of glass, and seamless flow of indoor-outdoor space. Designed b...

353 20th St Santa Monica, CA

$7,350,000 €6,150,627

Residential, Single Family

  • 6 Beds
  • 10 Baths
  • 7,385 SqFt
  •  

OPEN HOUSE: Sunday, Sep 24th, 2017, 2:00pm - 5:00pm - Elegant 3 Level Modern Mediterranean Estate Situated North of Montana in the Gillette Regent Square and Franklin School district of Santa Monica. This newer home features 6 bedrooms and 10 baths within approx. 7,385 sq.ft. of living space on 60 x ...

OPEN HOUSE

323 21st Place Santa Monica, CA

$6,950,000 €5,815,899

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...

631 15th St Santa Monica, CA

$6,899,000 €5,773,221

Residential, Single Family

  • 5 Beds
  • 6 Baths
  • 6,671 SqFt
  •  

Imagine seeing your new home built before your very eyes w/ the rare opportunity to buy this property w/ the design team acting as a concierge service to complete this luxury high-end, high performance residence. Impeccably designed for modern tec...

530 17th St Santa Monica, CA

$6,695,000 €5,602,510

Residential, Single Family

  • 6 Beds
  • 9 Baths
  • 7,082 SqFt
  •  

OPEN HOUSE: Tuesday, Sep 26th, 2017, 11:00am - 2:00pm - Montecito meets Santa Monica in this stunning contemporary Spanish redesign, extensively renovated and customized with luxury finishes in a grand three-story floorplan. A gorgeous blend of romantic curves and clean sophisticated lines, with open, ...

OPEN HOUSE

446 25th St Santa Monica, CA

$6,498,000 €5,437,656

Residential, Single Family

  • 5 Beds
  • 7 Baths
  • 4,911 SqFt
  •  

OPEN HOUSE: Sunday, Sep 24th, 2017, 2:00pm - 5:00pm - This new Spanish Contemporary, situated in the desirable North of Montana enclave of Santa Monica, comes brimming with a generously-appointed living spaces and uncontested indoor/outdoor flow. Garden views can be enjoyed from every room along the ...

OPEN HOUSE

238 19th St Santa Monica, CA

$6,495,000 €5,435,146

Residential, Single Family

  • 5 Beds
  • 7 Baths
  • 5,050 SqFt
  •  

OPEN HOUSE: Sunday, Sep 24th, 2017, 2:00pm - 5:00pm - Beautifully appointed Modern Farmhouse with 5 bedrooms and 6.5 baths. Approx. 5,050 sqft of well-crafted living space; just completed with designer finishes. Light, wide-plank hardwood floors, high ceilings, skylights, mountain views and generousl...

OPEN HOUSE

Welcome to

Market Snapshot

Median sale price as of September 2017

$4,895,000

Median rental price as of September 2017

$8,300

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