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Santa Monica is an extremely popular city with much to offer in terms of what most people look for. The great weather, beaches, schools, shopping, dining and entertainment are all things that continue to bring new residents to Santa Monica. The future prospects of real estate in Santa Monica look very good for the current property owners and those soon to be.
Santa Monica real estate is some of the most diverse real estate found in the City of Los Angeles. The “North of Montana” area primarily consists of multi-million dollar homes on mature streets surrounded by great shopping, and schools with some of the highest test scores in the state. While the Ocean Park area is a diverse area with a long history of beach culture and eclectic shopping. This area still has some affordable homes which give opportunity to first time buyers.
The overall mix of property in Santa Monica is everything from estate homes, to traditional single family residences, and condominiums.
Santa Monica is known worldwide to many people because of the rich and famous who live, visit, work and play within the city limits. Additionally, Santa Monica Courthouse has been home to many famous legal proceedings over the years. While it is known worldwide for some of the items mentioned above, one of the reason it brings so many new residents each year are the schools. The Santa Monica Malibu Unified School District is a nationally recognized school system which covers all of Santa Monica and Malibu. The District has long been a pioneer in educational reform, and the students test scores consistently confirm this. The Academic Performance Index (API) growth report shows that all of the schools within the district have API scores above 800. Additionally, more than 90% of the students who graduate high school from the District, go on and continue their education either at universities or other higher learning institutions.
In addition to the Santa Monica Malibu Unified School District, Santa Monica College (SMC) is the leader among California’s 106 community colleges in transferring students into the Univeristy of California school system. |
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WHY SANTA MONICA REAL ESTATE |
2007 Median Prices (Active Homes)
• Santa Monica Homes For Sale- $1,497,000
• Santa Monica Condos For Sale- $799,000
2007 Entry Level Prices
• Condos For Sale - $375,000
• Homes For Sale - $600,000 |
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Some of the benefits of owning real estate in Santa Monica are its proximity to the Ocean, nationally recognized schools, strong job base, and a well educated and wealthy population. Santa Monica is also known worldwide as a city with great weather, shopping and entertainment. Since the laws of supply and demand drive real estate prices as they do any other product, Santa Monica prices will continue to increase because it is a city with much to offer to property buyers, and is land locked with no room for further growth. Santa Monica’s location does not have the space to allow for the addition of new housing units to curb demand, therefore prices increase.
Santa Monica has many draws which make it so attractive to prospective buyers looking to purchase a home. Santa Monica can offer a wonderful location with 147 clear days a year and annual precipitation of just over 13 inches according to Money Magazines Best Places to Live 2006. With the location so close to ocean, Santa Monica enjoys a gentle ocean breeze which helps keep temperatures down in the summer as well as keep the air clear of pollutants. For outdoor enthusiasts, Santa Monica is located just on the southern edge of the Santa Monica Mountains, giving residents countless miles of trails and wilderness to explore just a few minutes from home.
Santa Monica also continues to be on the cutting edge of infrastructure improvements to bring the city in line with the changes in technology over the last 15 years as well as keep the look and feel up to date. Santa Monica is currently funding free wireless access in various “hot spots” throughout the city and the plan is that in the near future the whole city is blanketed with a high speed wireless network.
Many street improvement projects can be seen throughout the city as well. On the southern side of Santa Monica, the Pico Improvement Organization has been changing the landscape of Pico Boulevard and the surrounding areas which now look much different than in years past. Pico, which had previously been considered an eyesore to many, is now seen in a completely different light with the infrastructure and landscaping improvements which were recently made.
Santa Monica has all the necessary ingredients to make it a great place to purchase a home or investment property.
Great schools, strong job center, wonderful weather and a location which cannot be duplicated help make Santa Monica a strong real estate market even in a slowing market. |
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SANTA MONICA AMENITIES |
Santa Monica has plenty of facilities for families and individuals of all ages. Below are the details of local amenities,
please click on any of the links below to get more details on each.
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Santa Monica Housing and Demographic Statistics derived from U.S. Census data: |
| Housing Characteristics 2005 |
Estimate |
Total housing units
UNITS IN STRUCTURE
1-unit, detached
1-unit, attached
2 units
3 or 4 units
5 to 9 units
10 to 19 units
20 or more units
Mobile home
Boat, RV, van, etc.
YEAR STRUCTURE BUILT
1999 to March 2000
1995 to 1998
1990 to 1994
1980 to 1989
1970 to 1979
1960 to 1969
1940 to 1959
1939 or earlier
ROOMS
1 room
2 rooms
3 rooms
4 rooms
5 rooms
6 rooms
7 rooms
8 rooms
9 rooms or more
Median (rooms)
Occupied Housing Units
YEAR HOUSEHOLDER MOVED INTO UNIT
1999 to March 2000
1995 to 1998
1990 to 1994
1980 to 1989
1970 to 1979
1969 or earlier
Specified owner-occupied units
VALUE
Less than $50,000
$50,000 to $99,999
$100,000 to $149,999
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 or more
Median (dollars)
Specified renter-occupied units
GROSS RENT
Less than $200
$200 to $299
$300 to $499
$500 to $749
$750 to $999
$1,000 to $1,499
$1,500 or more
No cash rent
Median (dollars)
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47,863
9,265
1,928
1,307
4,252
10,863
9,485
10,474
266
23
545
732
1,459
3,487
8,228
10,632
14,840
7,940
3,737
6,973
12,458
10,342
6,464
3,615
1,869
974
1,431
3.6
44,497
8,849
13,745
8,059
7,185
4,298
2,361
7,729
45
70
50
108
569
2,061
3,020
1,806
625,900
31,215
517
718
2,290
10,291
7,329
6,065
3,453
552
792
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| Demographic Characteristics 2005 |
Estimate |
Total population
SEX AND AGE
Male
Female
Under 5 years
5 to 9 years
10 to 14 years
15 to 19 years
20 to 24 years
25 to 34 years
35 to 44 years
45 to 54 years
55 to 59 years
60 to 64 years
65 to 74 years
75 to 84 years
85 years and over
Median age (years)
18 years and over
Male
Female
21 years and over
62 years and over
65 years and over
Male
Female
HOUSEHOLDS BY TYPE
Total households
Family households (families)
With own children under 18 years
Married-couple family
With own children under 18 years
Female householder, no husband present
With own children under 18 years
Nonfamily households
Householder living alone
Householder 65 years and over
Households with individuals under 18 years
Households with individuals 65 years and over
Average household size
Average family size
HOUSING OCCUPANCY
Total housing units
Occupied housing units
Vacant housing units
For seasonal, recreational, or occasional use
Homeowner vacancy rate (percent)
Rental vacancy rate (percent)
HOUSING TENURE
Occupied housing units
Owner-occupied housing units
Renter-occupied housing units
Average household size of owner-occupied unit
Average household size of renter-occupied unit
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84,084
40,517
43,567
3,448
3,538
3,507
2,903
4,032
17,034
16,670
13,237
4,445
3,192
5,414
4,501
2,163
39.3
71,770
34,250
37,520
70,075
13,932
12,078
4,717
7,361
44,497
16,783
7,045
12,216
4,842
3,318
1,723
27,714
22,786
4,729
7,488
8,878
1.83
2.8
47,863
44,497
3,366
767
1.4
4.3
44,497
13,277
31,220
2.24
1.66
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SANTA MONICA AMENITY DIRECTORY |
Restaurants:
Santa Monica has over 600 restaurants to choose from. [Any specialty food places in the area? Perhaps find this from food guides for different areas of the US] |
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Movie Theatres:
Currently there are no movie theatres in Malibu but there are some easily accessible in neighboring suburbs. |
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Hospitals:
Santa Monica has 6 major hospitals serving it and over 25 other specialized medical centers |
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Oceanview Convalescent Hospital
1340 15th Street, Santa Monica, CA 90404
(310) 451-9706
St Johns Hospital
Santa Monica, CA 90401
(310) 582-7100
Daniel Freeman Marina Hospital
Exodus Unit, Santa Monica, CA 90401
(310) 827-4427 |
Santa Monica-Ucla-Medical Center
1250 16th Street, Santa Monica, CA 90401
(310) 319-4000
Kaiser Permanente Medical Care Program
Santa Monica, CA 90401
(310) 737-4950
UCLA Medical Group
2428 Santa Monica Boulevard, Santa Monica, CA 90404
(310) 998-5868 |
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Emergency Services:
Santa Monica is served by its own police and fire departments: |
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Santa Monica City - Police Headquarters
Santa Monica, CA 90401
(310) 434-2650 |
Santa Monica City - Fire Department
Santa Monica, CA 90401
(310) 458-8651 |
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Post Office:
Santa Monica has 6 USPS post offices |
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Major Supermarkets:
Santa Monica is served by 13 major supermarkets and many other specialty food stores. |
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Albertsons Supermarkets
2627 Lincoln Boulevard, Santa Monica, CA
90405
(310) 452-3811
Ralphs Grocery Company - Santa Monica,
Store 292, Pharmacy
Santa Monica, CA 90401
(310) 582-3915
Albertsons-Sav-On
3105 Wilshire Boulevard, Santa Monica, CA
90403
(310) 829-2363
Co-Opportunity
1525 Broadway, Santa Monica, CA 90404
(310) 451-8902
(310) 458-6485 (fax)
Bay Cities Italian Deli & Bakery
1517 Lincoln Boulevard, Santa Monica, CA
90401
(310) 395-8279
(310) 395-1575 (fax)
Pavilions
820 Montana Ave, Santa Monica, CA 90403
(310) 395-1682 |
Whole Foods Santa Monica
Santa Monica, CA 90403
(310) 315-0662
Vons
1311 Wilshire Blvd, Santa Monica, CA 90403
(310) 394-1414
Tehran Market
1417 Wilshire Boulevard, Santa Monica, CA 90403
(310) 393-6719
Vons
710 Broadway, Santa Monica, CA 90401
(310) 260-0263
Wild Oats Market
500 Wilshire Boulevard, Santa Monica, CA 90401
(310) 395-4510
Trader Joe’s
3212 Pico Boulevard, Santa Monica, CA 90405
(310) 581-0253
Albertsons Food & Drug
2627 Lincoln Boulevard, Santa Monica, CA 90405
(310) 452-3811 |
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Major Shopping Malls
Santa Monica has a great shopping mall, Santa Monica Place and its neighboring pedestrian friendly, Third Street
Promenade: |
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Santa Monica Place
95 Santa Monica Place
Santa Monica, CA 90401 |
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Schools
Santa Monica is served by the Santa Monica Malibu Unified School District. |
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Elementary Schools:
7 elementary schools serve Santa Monica covering grades K-5: |
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Franklin Elementary
2400 Montana Ave.
Santa Monica 90403
(310) 828-2814
Grant Elementary
2368 Pearl St.
Santa Monica 90405
(310) 450-7651
John Muir Elementary
2526 Sixth St.
Santa Monica 90405
(310) 399-7721
Juan Cabrillo Elementary
30237 Morningview Dr.
Malibu 90265
(310) 457-0360 |
McKinley Elementary
2401 Santa Monica Blvd,
Santa Monica, 90404
(310) 828-5011
Roosevelt Elementary
801 Montana Ave.
Santa Monica 90403
(310) 395-0941
Webster Elementary
3602 Winter Canyon
Malibu 90265
(310) 456-6494 |
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Middle Schools:
3 middle schools serve Santa Monica covering grades 6-8: |
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John Adams Middle
2425 16th St.
Santa Monica 90405
(310) 452-2326
Lincoln Middle
1501 California Ave.
Santa Monica 90403
(310) 393-9227 |
SMASH Alternative School
2525 Fifth St.
Santa Monica 90405
(310) 396-2640 |
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High Schools:
3 high schools serve Santa Monica covering grades 9-12: |
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Malibu High
30215 Morningview Drive, Malibu 90265
(310) 457-6801
Santa Monica High
601 Pico Blvd.
Santa Monica 90405
(310) 395-3204 |
Olympic High School
721 Ocean Park Blvd.
Santa Monica 90405
(310) 392-2494 |
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Colleges/Unversities:
Santa Monica is served by two colleges, including the world renowned Santa Monica College where students come from all over the world and use it as a gateway into the UC school system. |
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Santa Monica College
www.smc.edu
1900 Pico Blvd, Santa Monica, 90405
(310) 434-4000 |
University of Santa Monica
www.gousm.edu
2107 Wilshire Blvd, Santa Monica, 90403
(310) 829-7402 |
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Banks:
Santa Monica has 50+ banks serving it. |
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