2921 Arizona Ave, Santa Monica

10 Unit | 10 - 2bd/1.5ba

List Price | $5,745,000

Thanks to its desirable coastal location, mild weather, a strong employer base, as well as a plethora of retail and entertainment options, Santa Monica is one of the premier residential areas in the metro. As a result, rents and apartment prices are among the highest seen in the Los Angeles apartment market. Sales levels were relatively modest last year, but transaction activity year to date has been strong. With the pricing achieved on recent sales, the area continues to demonstrate its allure with investors.