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228 Idaho Ave
Santa Monica, CA 90403 Wilshire Montana

$7,795,000 USD

Apartments For Sale • 15,006 SF

Property Details

Property Type Apartments
Total Building Size 15,006 SF
Lot Size 0.34 AC
Building Class C
Year Built 1954
Cap Rate 5.07 %
Zoning SMR4YY

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                Reposition and Renovation Opportunity
                            
                                Prime Santa Monica Location (1 Block South of Montana)
                            
                                2 Blocks from Palisades Park and the 3rd Street Promenade (80 Walking Score)

Property Flyers

222-228 Idaho Ave Santa Monica OM 9-2026

Financial Summary (Proforma)

Net Operating Income: $394,940 USD (2026)

Cap Rate:	5.07 %
Total Expenses:	$217,743 USD

Amenities

Courtyard

Public Transportation

Transit/Subway	Drive	Walk	Distance
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Los Angeles International	18 min	-	9.7 mi
Bob Hope	37 min	-	24.2 mi
Long Beach (Daugherty Field)	40 min	-	29.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Warren Berzack 818-933-0350 Lee & Associates Commercial Real Estate

228 Idaho Ave Santa Monica, CA 90403 Wilshire Montana