Santa Monica Multifamily Has Record Setting Year

LOS ANGELES—The dollar volume—for trades larger than five units in Santa Monica—has surpassed 2013 significantly and is at the highest level seen in over a decade, says one source in this EXCLUSIVE column.

By Kimberly Roberts Stepp, senior managing director, Charles Dunn Co. | Updated on November 04, 2014

LOS ANGELES—There have been many highs and lows in the market for multifamily properties over the past 16 years of my career as a broker. The team I lead, which specializes in Santa Monica and prime Westside markets, has witnessed a record-setting year in 2014 with several positive milestones. As we enter the fourth quarter, the highlights for multifamily properties larger than five units in the Santa Monica and Westside markets are as follows:

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