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Commercial/Residential - Santa Monica, CA
Beautifully situated in a prime Santa Monica location, this residential income property sits adjacent to the Santa Monica Business Park, a major employment hub home to leading technology, entertainment, and financial companies including Snap, Hulu, Crexi, and Naughty Dog. The property is also near Santa Monica College, which serves approximately 26,000 students and faculty, creating strong and consistent rental demand.
The asset has maintained long-term full occupancy and is currently fully rented, offering immediate rental income upon acquisition. The property delivers a cap rate above 5%, significantly outperforming the Santa Monica average of around 3.5%. With additional rent-increase potential upon future tenant turnover, long-term returns could be even stronger.
An exceptional investment opportunity combining stable income, growth potential, and a highly desirable Westside location.
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