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# Santa Monica’s apartment scene
- URL: https://www.smdp.com/santa-monicas-apartment-scene/
- Published: 2006-08-30T15:00:00.000Z
- Updated: 2026-10-23T21:21:09.000Z
- Author: Guest Author
- Tags: Opinion, Santa Monica, #archive-import

According to the Action Apartment Association, a support group for Santa Monica apartment building owners, here are some facts about the apartment market activity in Santa Monica through 2005: ■ The 4.66 percent Capitalization Rate (CAP Rate) is nearly a half a percent point lower than the Los Angeles County average for the same period (5.03 percent). ■ The 14.54 Gross Rent Multiplier (GRM) is trending about 10 percent higher than the Los Angeles County average for the same period. ■ The $187,167 Price Per Unit is significantly higher than the Los Angeles County average for the same period ($143,701). ■ The $260.84 Price Square Foot is significantly higher than the Los Angeles County average for the same period ($184.15).

*Originally published in the Santa Monica Daily Press print edition on August 30, 2006.* [Read the original PDF.](https://s3.us-east-1.amazonaws.com/smdp%5Fbackissues/083006.pdf?ref=smdp.com)