1117 6th St, Santa Monica — 27-Unit Multifamily, $9.5M (Jul 2026)

Updated April 28, 2026

Units: 27 · Sale price: $9,500,000 · Price per unit: $351,851 · Closed: July 2026

A 27-unit mid-size multifamily property at 1117 6th St in Santa Monica, sold July 2026 for $9,500,000 — approximately $351,851 per unit.

2026 opened with transaction volume on pace to exceed $7 billion and active institutional bidding across submarkets. The December 2025 RSO rewrite was beginning to reprice pre-1978 LA City inventory through the year.

Santa Monica operates under its own Rent Control Board distinct from LA City RSO. Westside premium pricing with tight, stable regulatory overhead.

Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.

Set against the rest of the Santa Monica record, this is the largest of the 8 Santa Monica apartment buildings Michael Sterman has closed.

At $351,852 a unit it sits below the Santa Monica median of $616,667 — which is what size does to a per-unit number. This building is larger than the median Santa Monica closing at 10 units, and per-door pricing falls as unit count rises almost everywhere in Los Angeles. A citywide average per unit is not information; the comparable set has to match the building's size.

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in Santa Monica
• Santa Monica: the neighborhood, its buildings and what they sell for
• How to Sell a Multifamily Property in Los Angeles
• Request a free evaluation of your building
• Verify this sale independently — search public records and coverage for this transaction yourself

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.