Santa Monica is not LA. Not legally, not economically, not from a rent control perspective.
Selling an apartment building here? Santa Monica multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 8 |
| Units | 100 |
| Total volume | $62.5 million |
| Median price per unit | $617K |
| Range | $300K – $1.08M |
Median and range are drawn from the 8 Santa Monica buildings in the Sterman Transaction Index — Michael Sterman's own closed book, not a market-wide estimate. Per-unit pricing tracks building size as much as location, so compare against buildings of similar unit count rather than against the submarket average.
| Address | Units | Price | Closed |
|---|---|---|---|
| 1117 6th St | 27 | $9,500,000 | 2026-07 |
| 2601 28th St | 3 | $1,900,000 | 2025-11 |
| 1428 11th St | 10 | $3,000,000 | 2024-01 |
| 1323 14th St | 11 | $5,900,000 | 2022-05 |
| 301 Ashland Ave | 9 | $7,100,000 | 2022-02 |
| 402 Pacific St | 6 | $3,600,000 | 2017-10 |
| 843 16th St | 13 | $8,695,000 | 2016-12 |
| 1025 Ocean Ave | 21 | $22,756,000 | 2016-05 |
Santa Monica has its own Rent Control Board, its own ordinance, its own allowable rent increase schedule, and its own just-cause eviction rules. LA City RSO does not apply. AB 1482 applies only to the limited inventory n...
Read the full seller's guide →Living in townSanta Monica is an independent beach city of about 92,000 on Los Angeles County's western coast, with a global brand as a tourism and tech destination. Home to Silicon Beach's original cluster and some of the strongest r...
See the full neighborhood profile →Closings8 Sterman Multifamily Group closings in Santa Monica. See the full transaction record.
See all 8 Santa Monica closings →FAQ4 common questions about selling an apartment building in Santa Monica — answered.
Read the full FAQ →Santa Monica multifamily trades with the tightest regulatory constraint and the deepest buyer pool of any LA coastal submarket. Rent Stabilization has been in place since 1979 — nothing about it is new, but the December 2025 LA City RSO rewrite has refocused buyer attention on how much more established and defined Santa Monica's framework is by comparison.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
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