Business for Sale in Santa Monica, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Santa Monica, CA 90401

Description

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.

Market Context

This mixed use in Santa Monica, CA is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 68 days. Compare it against other mixed use listings for sale in Santa Monica, CA — <a href="/search/sale/mixed-use/california/santa-monica">view the full market</a>.

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