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Excellent opportunity to own a 10 unit property in prime Santa Monica, close proximity to the Third Street Promenade, the Santa Monica Pier and the Santa Monica State Beach. All 2 bedroom / 1 bath units, private entrances and patios, some with W/D in unit. Property has updated electrical, new cedar wood fencing, hardwood floors, irrigated landscaping and 4 newly upgraded units. Updated units have stainless steel appliances, subway tiles in bathroom, and quartz countertops. Priced at only 12.9 x market rents and 17.4 x current rents. 3.8% cash on cash return with current rents and 7.5% with market rents. Available to show.
Listing agent: Kimberly Roberts Stepp DRE #01251767 krstepp@steppcommercial.com, Listing office: KW Commercial Santa Monica
MLS data updated 11/3/2026, 4:26:27 AM PT
Source: CRMLS, MLS #: 15967693
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 24, 2016
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90404 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.