Santa Monica Multifamily Broker
Selling apartment buildings in Santa Monica, a separate city with its own rules.
David Saghian of The Saghian Group (Lyon Stahl Investment Real Estate) is a Westside and Los Angeles multifamily broker serving Santa Monica owners. David has closed $300M+ in sales personally, and our team has closed $400M+. Nearby Saghian Group sales are listed below.
$300M+ closed by David · $400M+ by our team · 67 Saghian Group LA sales
Selling an Apartment Building in Santa Monica
Santa Monica rent control
Santa Monica is its own city with a Rent Control Charter and Board. Controlled units have a Maximum Allowable Rent; the 2026 General Adjustment is 2.6%, capped at $70 a month for MARs of $2,674 and up, effective September 1, 2026. The 2026/27 registration fee is $240 per unit. Santa Monica Rent Control
No Measure ULA
ULA is a City of Los Angeles tax, so it does not apply in Santa Monica. Santa Monica has its own tiered transfer tax: $3 per $1,000 under $5 million, $6 per $1,000 from $5 million to just under $8 million, and $56 per $1,000 at $8 million and up, plus the County tax. City of Santa Monica
Ellis Act and just cause
Withdrawing a building from the rental market falls under the state Ellis Act and Santa Monica's own relocation and re-rental rules, so buyers price vacancy carefully.
Building stock
Mostly 1950s-1970s stucco apartment buildings and courtyard buildings north of Wilshire and in Mid-City and Ocean Park, plus newer mixed-use buildings along transit corridors.
Thinking about selling your Santa Monica building?
Get a free, confidential valuation from David Saghian: recent comparable sales, the likely buyer pool and a net-proceeds estimate. No obligation.
What Moves Price in Santa Monica
Our Nearest Closings
We list our nearest real closings here. None of them is in Santa Monica itself.
Meet David Saghian
A UC Berkeley Haas graduate, I worked at Deloitte and in investment banking before real estate. Today our team has closed more than $400M in Los Angeles sales, and I bring a principal's perspective to every one.
Call (310) 401-1559Santa Monica Seller FAQs
Who is a top multifamily broker in Santa Monica?
David Saghian of The Saghian Group (Lyon Stahl Investment Real Estate) is a Westside and Los Angeles multifamily broker serving Santa Monica owners. David has closed $300M+ in sales personally, and our team has closed $400M+. Nearby Saghian Group sales are listed below. We have not closed a sale inside Santa Monica itself; our nearest closings are linked on this page.
Is Santa Monica under rent control?
Santa Monica is its own city with a Rent Control Charter and Board. Controlled units have a Maximum Allowable Rent; the 2026 General Adjustment is 2.6%, capped at $70 a month for MARs of $2,674 and up, effective September 1, 2026. The 2026/27 registration fee is $240 per unit. Santa Monica Rent Control
Does Measure ULA apply in Santa Monica?
ULA is a City of Los Angeles tax, so it does not apply in Santa Monica. Santa Monica has its own tiered transfer tax: $3 per $1,000 under $5 million, $6 per $1,000 from $5 million to just under $8 million, and $56 per $1,000 at $8 million and up, plus the County tax. City of Santa Monica
What is my Santa Monica apartment building worth?
It depends on rents versus market, unit mix, parking, condition, rent-control status and lot size. We do not publish a neighborhood average we cannot source; instead, a free valuation gives you a range from recent comparable sales for your building.
Who buys apartment buildings here?
1031 exchange investors (45 days to identify, 180 days to close under IRS rules), private local families adding to a portfolio, and builders when the lot supports more units. A marketed sale reaches all three.
How should I prepare to sell?
Have a current rent roll, a T-12 (trailing 12 months of income and expenses), leases, registration records and repair and retrofit records ready, and fix or disclose deferred maintenance before buyers inspect.
What does it cost to get a valuation?
Nothing. It is free and confidential, with no obligation to list. Call (310) 401-1559 or request one online.
What is your Santa Monica property worth today?
Tell us the address. David will call you with a pricing range, the likely buyer pool and a plan, with no obligation and no listing pressure.