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Santa Monica, TX Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Santa Monica, Texas Market population: 91K. Explore income-producing properties with verified cap rates and...

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πŸ“Š Avg Property Tax Rate For Santa Monica CA Properties: 1.2400%

⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

πŸ“Š Average Income For Santa Monica CA Commercial Property: $73,649

⭐ Featured

Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF

Investor Questions For Santa Monica CA

Common questions from investors exploring commercial real estate in Santa Monica CA.

What is the overall investment potential of Santa Monica, CA? +
The 10.9% poverty rate and 93.5% health insurance coverage in Santa Monica suggest a stable market with a strong foundation for rental income, while the $73,649 median household income and 26.2-minute average commute time indicate a high quality of life for residents, making it an attractive location for investors.
How does the demographic diversity of Santa Monica impact its real estate market? +
The city's diverse population, with top ethnicities including White (41.5%), White Non-Hispanic (35.9%), and Hispanic (8.7%), combined with a 29.0% foreign born rate, contributes to a vibrant cultural scene and a strong demand for housing, driven by industries like Finance & Insurance, and Real Estate & Rental & Leasing.
What are the key factors influencing property values in Santa Monica? +
The median property value of $999,900 and median property taxes of $12,722 are influenced by the city's high median household income, low poverty rate, and strong employment market, with 50,461 employed residents and a diverse range of top industries, including Manufacturing and Information.
How does the commute time and transportation infrastructure impact the quality of life for residents in Santa Monica? +
The 26.2-minute average commute time and top commute methods, including Drove Alone, Worked At Home, and Walked, indicate a well-planned transportation infrastructure, which, combined with a high health insurance coverage rate of 93.5%, suggests a high quality of life for residents and a stable market for investors.
What is the potential for long-term appreciation in property values in Santa Monica? +
The city's strong economic foundation, with a median household income of $73,649 and a low poverty rate of 10.9%, combined with its high median property value of $999,900 and a relatively low homeownership rate of 28.0%, suggests a high potential for long-term appreciation in property values, driven by demand from a diverse and affluent population.

Santa Monica CA Real Estate & City Facts

Key facts and real estate information about Santa Monica CA.

What are some of the best neighborhoods to live in Santa Monica? +
Some of the best neighborhoods to live in Santa Monica include North of Montana, Sunset Park, Ocean Park, Wilshire-Montana, and Downtown Santa Monica. Each neighborhood has its own unique character and advantages, such as North of Montana's luxury homes and Sunset Park's more affordable options.
What are some fun things to do in Santa Monica? +
There are plenty of fun things to do in Santa Monica, including visiting the Santa Monica Pier, riding the 26-Mile Bike Path, and exploring the Third Street Promenade. You can also check out the Santa Monica Farmers Market, visit the Annenberg Community Beach House, or take a stroll along the beach.
What is the food scene like in Santa Monica? +
The food scene in Santa Monica is diverse and vibrant, with a wide range of restaurants serving everything from fresh seafood to gourmet burgers. Some popular restaurants include The Albright, Tar & Roses, and Huckleberry Cafe. There are also plenty of great food trucks and casual eateries, such as the Santa Monica Pier's food stands.
What are the pros and cons of living in Santa Monica? +
The pros of living in Santa Monica include its beautiful beaches, mild climate, and plenty of outdoor recreational opportunities. However, the city also has some drawbacks, such as high housing costs, traffic congestion, and limited parking. Additionally, some areas of the city can be quite crowded and noisy, especially during peak tourist season.
Is Santa Monica a good place to live? +
Overall, Santa Monica is a great place to live, with its unique blend of beach town charm and urban amenities. While it may have some drawbacks, the city's many advantages make it an attractive option for people who value a relaxed, outdoor lifestyle and are willing to pay a premium for it. As with any city, it's worth weighing the pros and cons and considering factors like budget, lifestyle, and personal preferences before making a decision.
⭐ Featured

7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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