Is Santa Monica, CA a good place to invest in rental property?

Santa Monica, CA has a median modeled monthly cash flow of $-6,733 and a median cap rate of 1.2%, on a median sold price of $1,785,000. Prices changed -1.9% year over year.

What is the average cap rate in Santa Monica, CA?

The median cap rate across recently sold homes in Santa Monica, CA is 1.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Santa Monica, CA?

The median sold price in Santa Monica, CA is $1,785,000 (about $1,059 per square foot).

Investing in Santa Monica, CA Real Estate

A data-driven snapshot of the Santa Monica, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,785,000Median sold price

$1,059Median $/sqft

1.2%Median cap rate

$-6,733Modeled cash flow / mo

-1.9%Appreciation YoY

8.8Months of supply

432Active listings

587Sold (last 12 mo)

What the Santa Monica numbers say

In Santa Monica, CA, the median home sold for $1,785,000 (about $1,059 per square foot), and the typical deal models out to a 1.2% cap rate with a median $-6,733 of monthly cash flow. Sold prices moved -1.9% over the past year. Inventory sits at about 8.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Santa Monica cash-flowing listings

CashFlowRE ranks every for-sale home in Santa Monica, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Santa Monica deals, or browse the national market data.