$2,650,000
947 7th Street, Santa Monica CA 90403
Multi-Family (7 Units)
Property type
32 days
On market
$420
Price per sqft
N/A
Garage
1955
Year built
7,528 sqft
Lot size
Open Houses
Overview
A rare two-building, 7-unit apartment community ideally situated in one of Santa Monica's most coveted and supply-constrained residential enclaves. Built in 1955 and coming to market for the first time in over 50 years, this offering represents a true generational ownership event the kind of long-term, pride-of-ownership asset that rarely surfaces in one of Southern...
Listing provided by: John Boyett DRE #02056759, CBRE
Listing updated: May 23, 2026 at 04:18pm.
Last checked: Jun 15, 2026 at 12:01am
Source: CRMLS #26834679
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 3 | 1 | 1 | — | $2,140 | $6,419 | $7,950 | Unfurnished |
| 2 | 2 | 1 | — | $3,133 | $6,265 | $6,800 | Unfurnished |
| 2 | 2 | 2 | — | $2,997 | $5,993 | $8,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 7
Financial Snapshot
Gross Rent Multiplier
11.8x
List Price / Annual Gross Rent
Cap Rate
5.44%
NOI / List Price
Net Operating Income: $144,049
Exterior
Stories Total: 0
Levels: Two
Garage and Parking
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 4292002014
Zoning: SMR2*
Community
HOA: No
Senior Community: No