Santa Monica, CA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Santa Monica short-term rental market based on reliable data.

Listings

656 / 1695

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$51,736

Middle-Earners Revenue

Occupancy

81%

Middle-Earners Occupancy

Home Value

$1,714,010

Median Home Sale Price

Top Earners

$101,945

Top-Earners Revenue

Santa Monica

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Santa Monica.

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C

Challenging to Investors

Santa Monica Regulations

Santa Monica permits only hosted home‑sharing, prohibiting entire‑unit STRs and enforcing strict occupancy, listing, and parking limits with heavy $1,000/day penalties and active audits; permitting is inexpensive but legal scope is narrow and non‑compliant activity is heavily deterred, creating significant investment risk.

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About Santa Monica

Santa Monica is a coastal city in Los Angeles County, California, with a population of approximately 90,000 residents. Known for its laid-back beach culture and iconic shoreline, the city serves as a popular gateway to the greater Los Angeles area and offers a walkable, sun-soaked alternative to the busier inland neighborhoods of LA. Located about fifteen miles west of downtown Los Angeles, Santa Monica blends small-city charm with big-city access, drawing millions of visitors each year to its famous pier, beaches, and shopping districts.

The Santa Monica Pier is the city's most recognizable landmark and a defining feature of the downtown waterfront. Extending out over the Pacific Ocean near the foot of Colorado Avenue, the pier is home to the Pacific Park amusement park with its solar-powered Ferris wheel, a small aquarium, restaurants, and arcades. The pier is essentially at the heart of the city, walkable from most downtown hotels and short-term rentals, and remains free to enter.

Just inland from the pier, the Third Street Promenade is a pedestrian-only outdoor shopping and dining district that has anchored Santa Monica's downtown for decades. Lined with retail stores, restaurants, street performers, and cinemas, the Promenade regularly hosts a weekly farmers' market and serves as a lively evening gathering place. Visitors can walk from the Promenade directly to the pier and the beach in just a few minutes, making the area a self-contained entertainment hub.

North of the pier, Palisades Park stretches more than a mile along the coastal bluffs, offering clifftop pathways with sweeping views of the ocean, the pier, and on clear days the distant outline of Catalina Island. The park, which dates to the early twentieth century, is dotted with benches, mature palm trees, and public art, and it connects directly to the beachside path that runs south toward Venice and Marina del Rey.

A short drive inland, the Getty Center sits in the Brentwood neighborhood of Los Angeles, roughly fifteen minutes from downtown Santa Monica. The hilltop campus of the J. Paul Getty Museum showcases European paintings, decorative arts, and photography, surrounded by Richard Meier's modernist buildings and the Central Garden designed by Robert Irwin. General admission to the museum is free, though parking carries a fee.

For short-term rental owners and guests alike, Santa Monica offers a rare combination of beachfront identity, walkable urban amenities, and proximity to the broader Los Angeles region's cultural and entertainment draws. Whether visitors come for the pier and the surf, the shopping and dining of the Promenade, or as a base for day trips to Malibu, downtown LA, or the museum-rich Westside, the city provides a year-round, internationally recognized destination that supports steady demand for well-located accommodations.

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