Santa Monica Multifamily Broker
Ben Lewin specializes in the sale of multifamily and apartment buildings throughout Santa Monica and the Westside of Los Angeles.
As a Director Investments with Marcus & Millichap, Ben advises apartment building owners on property valuations, disposition strategy, 1031 exchanges, buyer demand and current market conditions throughout Santa Monica.
Recent Santa Monica Multifamily Sales
Ben Lewin has represented multifamily transactions throughout Santa Monica and the Westside of Los Angeles, representing apartment owners and investors across a range of property sizes and investment profiles.
Selected Santa Monica transactions include:
1428 15th Street
11 Units | Santa Monica
Sold for $5,300,000
1118 9th Street
10 Units | Santa Monica
Sold for $2,801,500
402 Pacific Street
6 Units | Santa Monica
Sold for $3,645,000
Additional Santa Monica and Westside multifamily transactions can be viewed on the Track Record page.
Santa Monica Multifamily Market
Santa Monica remains one of the most established and supply-constrained multifamily markets on the Westside of Los Angeles. Apartment building values are influenced by location, unit mix, existing rents, rent-control regulations, property condition and the amount of upside available to a future investor.
Ben Lewin works with Santa Monica apartment owners to evaluate current market value, understand recent comparable sales and determine how active buyers are underwriting properties in today's market.
Whether an owner is considering a sale now or simply wants an updated opinion of value, the goal is to provide a clear picture of the property's position in the current market.
Santa Monica Multifamily FAQ
How do I determine the value of my Santa Monica apartment building?
The value of a Santa Monica multifamily property depends on factors including current rents, unit mix, location, property condition, operating expenses, rent-control restrictions, comparable sales and current investor demand. A property-specific valuation should account for both existing income and future upside.
How does Santa Monica rent control affect apartment building values?
Rent control can have a significant impact on value because it affects existing rents, future rent growth and an investor's ability to reposition units. Buyers typically evaluate both the current income and the long-term upside of a rent-controlled property.
Who is buying apartment buildings in Santa Monica?
Santa Monica attracts a mix of private investors, local apartment owners, 1031 exchange buyers and investors looking for long-term ownership in a supply-constrained Westside market.
Should I get a property valuation even if I am not ready to sell?
Yes. An updated valuation can help an owner understand current equity, recent comparable sales, buyer demand and how the property is positioned in the market, even if there are no immediate plans to sell.
Why Work With Ben Lewin
Ben Lewin specializes in multifamily investment sales throughout Santa Monica and Los Angeles' Westside.
Through Marcus & Millichap, Ben combines local market knowledge with broad exposure to active private investors, 1031 exchange buyers and multifamily owners throughout Southern California.
His approach is focused on accurate pricing, targeted marketing, competitive buyer outreach and helping owners make informed decisions based on current market conditions.
What Is Your Santa Monica Apartment Building Worth?
Request a confidential property valuation and current market analysis for your Santa Monica multifamily property.