729 Cedar Street, Santa Monica, CA 90405

Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
729 Cedar Street,Santa Monica, CA 90405
$2,250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: takeshi kida
Office: takeshi kida
MLS#:SB25201120
Source:CAREIL

Price summary

  • Price:$2,250,000

About this home

Introducing a meticulously maintained investment opportunity in the heart of Santa Monica’s sought-after Ocean Park neighborhood. Walkable distance from the beach and two blocks from the peaceful greenery of Joslyn Park, this solid asset offers exceptional value with a current CAP rate of 2.85%. Current expenses include a property management fee, $6,000 per year, so if the Buyer elects to self-manage the property and thereby eliminates management expenses, the potential CAP rate could increase to 3.1%, with a potential market CAP rate of 4.5% with market rents. Residents enjoy quick access to many everyday conveniences along Lincoln Boulevard, including Gelson’s, Whole Foods Market, popular coffee shops, and a wide variety of restaurants, as well as the vibrant shops and dining of Abbot Kinney and Main Street. Santa Monica’s excellent Transit Score of 75 and Bike Score of 72 make every destination within easy reach.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1954
  • Listing ID #:SB25201120
  • Added:68 day(s) ago
  • Updated:November 15, 2025 at 12:19 AM

Heating and cooling

  • Heating:Central Forced Air

Structure and exterior

  • Year built:1954
  • Lot area:0.14 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$2,250,000
MLS LogoThe information being provided by Mlslistings Inc is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Mlslistings Inc. Better Homes and Gardens Real Estate Reliance Partners is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Reliance Partners, a broker participant of Mlslistings Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Mlslistings Inc and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Mlslistings Inc. All rights reserved.

New listings near 729 Cedar Street