Santa Monica Multifamily

Santa Monica is not LA. Not legally, not economically, not from a rent control perspective.

Jurisdiction
Separate city
Rent control regime
Santa Monica Rent Stabilization
Sterman closings here
8 transactions
Typical sale
With tenants in place
Selling guide

Selling an apartment building in Santa Monica

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...

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Living in town

Living in Santa Monica

Santa 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...

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Closings

Sterman closings in Santa Monica

8 Sterman Multifamily Group closings in Santa Monica. See the full transaction record.

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FAQ

Questions about selling in Santa Monica

4 common questions about selling an apartment building in Santa Monica — answered.

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Michael's Take
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.

Thinking about selling in Santa Monica?

Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.

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Thinking about selling? Get a no-obligation evaluation on your building.

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