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Shawn Shayestehfar's Blog

By Shawn Shay | Mortgage Broker
or Lender in Los Angeles, CA

Market Updates:List of Multifamily Apartment Building in Santa Monica CA

Multifamily properties in Santa Monica is considered as very same and secure investment and therefore, the properties are very expensive.  Although Santa Monica has tough rent control regulations on top of high property price, there are many investors that still look into Santa Monica as a place to invest.  It may be because the property values don’t fluctuate much or the rental market is very strong and you can always find good quality tenants. 

Now one of the best way to invest in Santa Monica multifamily property is to purchase 2-4 units and live in one units and rent out the rest.  This way, it is considered as home where you don’t need to come up with high down payments and you can take advantage of low home mortgage rates and use the income from other units to pay the mortgage.  As you may notice, majority of these properties were built in 40s, 50s and 60s however you may find occassional newly built multifamily properties that is for sale. Here are the list of of all Santa Monica duplex, triplex and fourplex properties:

Click here to view list of Duplex Properties in Santa Monica

Click here to view list of Triplex Properties in Santa Monica

Click here to view list of Fourplex Properties in Santa Monica

Now if you are looking for 5+ units apartment buildings in Santa Monica, the gross and net operating income is not that high so you may need to put more money down to get multifamily mortgage for the acquisition.  Now rates for 5+ unit apartment buildings are at all time low and majority of lenders would finance 75% LTV at 1.2x debt coverage service ratio.  However, due to typical low net operating income for high end apartment buildings, you can’t maximize the leverage. For multifamily mortgage rates updates, click here

Click here to view list of Multifamily Apartment Buildings in Santa Monica

Santa Monica real estate market ranges from Luxurious to simple and modern homes and there are lots of activities.  Consider this website your comprehensive Santa Monica real estate resource.  You can find valuable and updated information about all types of Santa Monica properties and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buers.  for more information on our buyer cash rebate, CLICK HERE.

 
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