Santa Monica, CA Real Estate

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Santa Monica, CA Real Estate

Santa Monica, CA Real Estate is a vibrant coastal community located on the Westside of Los Angeles. With a year-round subtropical Mediterranean climate and 310 sunny days a year I like to refer to Santa Monica as the heart of the watermelon. Santa Monica is an incorporated city of 93,000 residents spread over 8.4 square miles with Pacific Palisades and Malibu to the north and Venice to the south. Santa Monica, CA is a fabulous place to live, work, and play.

Learn more about Santa Monica, CA Real Estate

Santa Monica, CA Real Estate offers all the amenities of an urban area with the beach at one’s fingertips. Whether looking for a single family home, condominium, loft, or a place to rent it can be found in Santa Monica. There is a Santa Monica, CA Real Estatelarge supply of housing but in recent years well-priced and move-in ready properties have moved quickly due to high-demand. Similar to Brentwood and Pacific Palisades, there are many mid-century and traditional homes that are prevalent throughout Santa Monica; however, in recent years many older homes are being substantially renovated or are being torn down in favor of new construction. Many of the newer homes dotting the landscape are modern in their architectural aesthetic and feature open-concept floorplans.

History: Santa Monica was connected to Los Angeles by the Independence and Warf Railroads in the 1870’s. One version of history has it that this was an initial attempt to make Santa Monica Bay the industrial shipping hub of Los Angeles. When that plan failed Santa Monica, due to the ideal beach climate, land speculators recognized that the area was best positioned as a beach resort. The city was incorporated in 1886 and subdivisions of houses soon started to spring up thereafter in Ocean Park. Growth fueled by Douglas Aircraft continued through the 1920’s. Third Street in Downtown was converted to a pedestrian mall in 1965 but experienced marginal success. Santa Monica Place, the large mall bordered by 2nd and 4th Streets and Broadway and Colorado was developed in the 1980’s as an indoor mall and later repositioned in 2010 as an open-air mall. Today the Third Street Promenade and Santa Monica Place serve as the hub of the Downtown shopping and entertainment district.

Community Life: Santa Monica is comprised of several neighborhoods, so much so that it is easy to say each neighborhood is a micro-city within the City. Each neighborhood has a distinctive personality.

Ocean Park with Main Street serving as its retail component features easy access to the beach, Sunday Farmer’s Market, and many restaurants and entertainment establishments. Ocean Park is one of the original neighborhoods in Santa Monica and possesses a lot of charm and magnificently restored homes.

Sunset Park borders Ocean Park Boulevard and is east of Lincoln Boulevard. The area is seeing a lot of gentrification and restaurants and other retail establishments on Ocean Park Boulevard are opening rapidly. Partners Trust Real Estate opened an office in the neighborhood because of all the interest in real estate in recent years.

Mid-Cities is a neighborhood north of Pico Boulevard and south of Wilshire Boulevard. The Expo Line light rail runs through the Mid-Cities area and there have been many new apartment buildings constructed over the past decade. Many of the medical institutions such as Saint Johns and Santa Monica Hospitals are located in this area. Because the neighborhood is mixed with commercial buildings it may lack a distinctive personality but as the name implies, Mid-City is central Santa Monica.

North of Wilshire is defined by the area north of Wilshire Boulevard and south of trendy Montana Avenue. This neighborhood contains many prime condominiums and in the “college streets” many single family homes. Condominium prices start at $700,000 and single family home process start at closer to $2 million. Montana Avenue is the crown jewel of neighborhood retail in Santa Monica and is very appealing to local residents. Restaurants (R&D Kitchen, Art’s Table, Father’s Office), boutiques, coffee shops, the Aero movie theater, and a two grocery stores are a few of the retail highlights.

North of Montana is a neighborhood where many of the finest homes in Santa Monica are located. Homes north of Montana Avenue and in Santa Monica Canyon start at $3 million and escalate from there. The neighborhood is adjacent to trendy Montana Avenue and the homes in the east part of the area are also close to retail shopping in Brentwood. There is no shortage of shopping and entertaining options.

Education: Santa Monica is served by the Santa Monica-Malibu Unified School District. The school district is widely recognized for being an excellent public school system. It’s not uncommon for families to move to Santa Monica just for the schools. Local schools include Roosevelt Elementary School, Grant Elementary School, McKinley Elementary School, John Adams Middle School, and Santa Monica High School. Crossroads School for Arts and Sciences offers a college-preparatory experience for elementary school through high school. Other local private schools include Carlthorp, New Roads, and Saint Monica’s Catholic High School.

Transportation:  The 10 Freeway and Pacific Coast Highway are the primary transportation routes by car into Santa Monica. However, Santa Monica features a robust public bus system (the Big Blue Bus) and is serviced by Los Angeles’ Metro bus system. The light rail known as the Expo Line connects Santa Monica to Downtown Los Angeles, and Santa Monica is very bicycle friendly. For those that elect to drive to Santa Monica there are many large parking garages that dot both 2nd and 4th Streets.

Attractions: The beaches, the Santa Monica Pier, entertainment along the Third Street Promenade, and shopping make Santa Monica a premiere destination. The Ferris wheel on the Pier recently received a $1 million update where the lights were replaced with LED’s. The Pier’s light show is more spectacular than ever. Other popular destinations include the Annenberg Community Beach House, built on the beach of the demolished summer home built by William Randolph Hearst; Bergamot Station known for its galleries; and the Museum of Flying at Santa Monica Airport.

Santa Monica, CA Real Estate start at about the $700,000 mark for a condominium and $1.3M for a single family residence. Naturally, prices will rise from there based on location and property characteristics.

If you are interested in learning more about all the wonderful homes for sale in Santa Monica, CA please contact area expert Perry Schroeder at (310)795-9020 or by email at perry.schroeder@thepartnerstrust.com

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