About The Property

929 Idaho is a well-maintained ten unit property, located one block south of Montana Ave in Santa Monica, offering the quintessential Westside lifestyle for high-income professionals. The property’s desirable location is just a short walk from a bustling neighborhood hub that is home to a wide array of highly-acclaimed restaurants, gyms, grocery stores and other daily essentials. In addition, this well-maintained property has received a number of capital improvements including a new roof, copper pluming, updated electrical system and vinyl windows.


Price $5,475,000

Year Built 1960

City Santa Monica

Units 10

Current CAP 4.64%

Price p/ Sq. ft. $429

Price P/ Unit $547,5000


Located in the heart of Santa Monica, our latest Westside listing lasted only a short time. This ten-unit property, located one block south of Montana Ave, was well-maintained by long-term owners and featured many capital improvements. The property’s beneficiaries, who inherited the property on a step-up basis, contacted KST to help them cash out and take advantage of their capital gains tax savings.


The property had appraised for a higher value in 2022, and the sellers had high expectations of achieving a stellar price. Despite the property’s desirable location and solid income, many investors were experiencing cold feet and adopted a “wait and see” approach. Given the uncertainty in the market, we knew we had to identify an exchange buyer.


Although most investors remained on the sidelines, we generated several offers within one month of marketingUltimately, KST identified an exchange buyer who could close in 14 days. With Measure ULA deadline approaching, the sellers were thrilled with the outcome, cashing out in less than 60 days after signing the listing agreement.

Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.

- Seller (60 Units by The Grove)

“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”

- Seller (4 Units in Beverly Grove)

“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”

- Seller (Beachfront Generational Asset in Playa del Rey)