Sterman Multifamily Group has closed 8 multifamily buildings in Santa Monica — 100 units, $63.0 million in total volume. Across those closings the median came to $617K per unit, with the range running $300K to $1.08M depending on vintage, in-place rents, and condition. The deals below are a sample of that record; the full price-per-unit breakdown across every LA submarket is in the Sterman Transaction Index.
Considering a sale in Santa Monica? See selling an apartment building in Santa Monica for how a record like this informs pricing, the buyer pool, and timing for your building — or request a conversation for an honest read on what yours would bring today.
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