Cliffs cascade along three miles of California coastline in Santa Monica. A quintessentially-California beach town, the blend of surf, sand, and sun attracts Angelenos and tourists alike to the famed Santa Monica Pier and to retailers along the Third Street Promenade and Montana Avenue – Santa Monica’s chic boutique-filled corridor. Over the past decade, the beachfront city made significant capital investments aimed at revitalizing its downtown core and infrastructure. Now with the $1.5 billion Metrorail extension completed, Santa Monica is poised to benefit from unprecedented connections to affluent Westside communities and Downtown L.A.
Market Stats - 2020
Overview - Annual Sales Stats
BUILDINGS SOLD
26
AVERAGE SALE PRICE
$5,297,250
AVERAGE PRICE PER UNIT
$429,061
AVERAGE PRICE PER SQUARE FOOT
$521Rent vs Vacancy - Historical*
*Data Source: CoStarBuildings Sold - Historical
