Samimi CRE Advisors
Apartment Broker in Santa Monica
Cameron Samimi sells multifamily in Santa Monica — one of the most regulated and most coveted apartment markets in California. 9 closed Santa Monica transactions and a working knowledge of every nuance of the Rent Control Charter Amendment.
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Santa Monica closings
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Units sold
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Volume in Santa Monica
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Avg $/unit
Santa Monica Market
What you actually need to know about Santa Monica multifamily
Santa Monica is a top-tier multifamily market and one of the most rule-bound in the country. The city's Rent Control Charter Amendment (in place since 1979), the local Tenant Protection Act overlay, the Costa-Hawkins limits on vacancy decontrol, and the city's strict tenant relocation and Ellis Act procedures all directly affect what a buyer will pay. Underwriting Santa Monica without that fluency leaves money on the table — or worse, creates retrade exposure. Cap rates here are among the lowest in LA County because demand from family offices, 1031 buyers, and long-hold investors is structurally high; trophy product near Ocean, Wilshire, and Montana commands premium pricing per unit and per square foot. Most Santa Monica deals are 4–20 units with deep rent-controlled tenancy and a clear, slow path to market rents. The right broker frames that upside accurately and surfaces only buyers who actually close on regulated product.
Why Santa Monica owners hire Cameron
Local proof, not generic LA coverage.
9 closed Santa Monica multifamily transactions
Working knowledge of the Rent Control Charter Amendment and Costa-Hawkins
Buyer relationships with the family-office and 1031 capital that closes here
Santa Monica apartment buildings for sale
1 active listing currently represented by Cameron Samimi, including 1 building of 10 units or more.
| Property | City | Units | Asking price | Price / unit |
|---|---|---|---|---|
| 1017 5th St | Santa Monica | 11 | $5,199,000 | $472,636 |
Active listings represented by Samimi CRE Advisors. Pricing is subject to change — view all listings.
Santa Monica closed apartment sales record
16 closings totalling $48,853,000 in recorded sale price, brokered by Cameron Samimi. These are his own closed transactions, not third-party market estimates.
| Property | Units | Sale price | Price / unit | Closed |
|---|---|---|---|---|
| 1041 9th StreetSanta Monica, CA | 10 | $3,900,000 | $390,000 | Jun 2026 |
| 1111 12thSanta Monica, CA | 7 | $2,250,000 | $321,429 | Dec 2025 |
| 1111 12th StreetSanta Monica, CA | 7 | $2,250,000 | $321,429 | Dec 2025 |
| 2511 4thSanta Monica, CA | 4 | $1,700,000 | $425,000 | Oct 2025 |
| 2405 20thSanta Monica, CA | 4 | $1,175,000 | $293,750 | Oct 2025 |
| 1310 PicoSanta Monica, CA | 1 | $2,000,000 | — | Oct 2025 |
| 2618 ArizonaSanta Monica, CA | 4 | $2,000,000 | $500,000 | Sep 2025 |
| 1332 10thSanta Monica, CA | 5 | $2,565,000 | $513,000 | Aug 2025 |
| 1534 Euclid StSanta Monica, CA | 10 | $3,650,000 | $365,000 | Jul 2024 |
| 1940 6th StSanta Monica, CA | 4 | $1,750,000 | $437,500 | Jul 2024 |
| 2639 HighlandSanta Monica, CA | 3 | $1,588,000 | $529,333 | Jun 2024 |
| 2200 23rdSanta Monica, CA | 4 | $1,450,000 | $362,500 | Mar 2024 |
Sale data recorded from closed escrows and public listing records, last updated 2026-09-10. Unit counts shown only where a verified count exists. See all closed deals · How these figures are counted.
Santa Monica FAQ
Questions from Santa Monica apartment owners
Santa Monica multifamily sales data
Aggregate figures from Samimi CRE Advisors' own closed Santa Monica apartment sales — not a third-party estimate.
| Closed transactions (2021–2026) | 17 |
|---|---|
| Total closed volume | $50M |
| Median closed sale price | $2,000,000 |
| Median price per unitn = 15 transactions | $400,000 |
Updated 2026-09-10. Medians reflect one brokerage team's closings and are not a full-market index. Price-per-unit is calculated only on transactions with a recorded unit count of two or more. Full LA County dataset and methodology.
Rent regulation: Santa Monica apartments fall under Rent Control Charter Amendment. Read the Santa Monica owner's reference. Verify for the specific property.
Nearby markets & resources
- Westside & Central LA hubEvery submarket Cameron covers in this part of LA County.
- Downtown LA apartment brokerMarket brief, rent regulation notes, and closed sales in Downtown LA.
- Koreatown apartment brokerMarket brief, rent regulation notes, and closed sales in Koreatown.
- Mid City apartment brokerMarket brief, rent regulation notes, and closed sales in Mid City.
- West Adams apartment brokerMarket brief, rent regulation notes, and closed sales in West Adams.
- South LA apartment brokerMarket brief, rent regulation notes, and closed sales in South LA.
- Westwood apartment brokerMarket brief, rent regulation notes, and closed sales in Westwood.
- How to sell an apartment buildingPricing, marketing, and escrow — the full process.
- Free Santa Monica valuationA property-specific opinion of value, no obligation.
- 334+ closed transactions$446M+ in verified LA County multifamily volume.
- Multifamily seller FAQRent control, 1031 timing, fees, and timelines.
Free Santa Monica apartment building valuation
Talk to Cameron Samimi — 310.259.7556 or cameron@lyonstahl.com.
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