Santa Monica Property Management
Santa Monica, California has a rich history that stretches back thousands of years. Here’s an overview of its historical journey:
Native American Era:
The area where Santa Monica is located was originally inhabited by the Tongva people, also known as the Gabrielino-Tongva tribe. They lived along the coast of present-day Southern California for thousands of years before the arrival of European settlers.
Spanish Era:
In 1769, Spanish explorers, led by Gaspar de Portolá and Father Junípero Serra, arrived in the region. The Spanish established missions throughout California, including the nearby Mission San Gabriel Arcángel. The mission system led to significant changes in the indigenous population and their way of life.
Mexican Rule:
After Mexico gained independence from Spain in 1821, California became a part of Mexico. The land encompassing Santa Monica was granted to prominent Mexican citizens, including the Sepúlveda and Ysidro Reyes families.
American Settlement:
In 1848, the Treaty of Guadalupe Hidalgo ended the Mexican-American War, and California became a part of the United States. However, it took several decades for American settlers to arrive in the Santa Monica area.
Founding of Santa Monica:
In the late 19th century, a group of American developers, including Senator John P. Jones and Arcadia Bandini de Stearns Baker, purchased the land that would become Santa Monica. They formed the Santa Monica Land and Water Company in 1875 and planned to develop a seaside resort town.
Growth and Development:
With the arrival of the Southern Pacific Railroad in 1875, Santa Monica experienced rapid growth and development. The opening of the Santa Monica Pier in 1909 and the construction of the Pacific Electric Railway (Red Car) further enhanced the area’s popularity as a beachfront destination.
Cultural and Entertainment Hub:
Santa Monica became a hub for entertainment and cultural activities. The La Monica Ballroom, built in 1924, hosted numerous dance events and performances. The Santa Monica Civic Auditorium, constructed in 1958, hosted concerts, award shows, and political gatherings.
Route 66:
Santa Monica became the western terminus of the famous U.S. Route 66, known as the “Mother Road.” The highway brought tourists and travelers from across the country and played a significant role in Santa Monica’s development.
Aerospace and Technology:
During World War II and the subsequent Cold War era, Santa Monica played a significant role in aerospace and technology. Companies like Douglas Aircraft Company (later McDonnell Douglas) and RAND Corporation had a presence in the city.
Modern Santa Monica:
In recent decades, Santa Monica has become known for its vibrant coastal community, thriving downtown area, and commitment to sustainability. The city offers a mix of residential, commercial, and recreational spaces, with an emphasis on walkability, bike lanes, and public transportation.
Residential & Multi-Family Properties in Santa Monica
The median price for single family homes in Santa Monica is $2.2m. By comparison, the median price for single family homes in Hollywood is $1.7m, $949,000 in Northridge, $814,000 in Reseda, $2.1 million in Tarzana and $1.24 million in Woodland Hills.If you are considering purchasing a single-family or multi-family home as an investment, Belwood Properties should be on your preferred list of Residential Property Management Companies. Belwood has a 20 year+ track record of exceptional property management service for residential, HOA, and commercial properties.
Our Leasing Protocol in Santa Monica
- Advertise
- Show property to prospective tenants
- Thorough screening of prospective tenants
- Creating lease agreements
Our Property Management Protocols in Santa Monica
- Tenant relations
- Maintenance and emergencies (all requests are scheduled and overseen by commercial team)
- Property checks for preventative maintenance (once every 2 weeks)
- Rent collection
- Oversite of all vacancies and preparation
- Updated market reports
Accounting
- Bank reconciliations
- Payment of property taxes, insurance, mortgage, utilities, maintenance, etc.
- Financial and owner reports
- Bookkeeping
- Budget preparation
- Calculation or property expenses and explanation of property expenses
- Collection and processing of asset receipts
Median Price of Condos in Santa Monica
The price for condos and townhomes in Santa Monica hovers around $1m. Hollywood is just under $1m at $947,500, according to RedFin. Northridge, by contrast ranges from $390,000 – $767,000. Reseda’s median price for condos and townhomes is $538,000 compared to $495,000 in Tarzana.
HOA Association Property Management in Santa Monica
If you need better HOA association management for your condo or apartment building in Santa Monica, give us a call. HOA Association Property Management in Santa Monica requires the management of dues collection, property maintenance, CC&R enforcement, financials, and much more. Belwood Properties is a HOA property management company known for its exceptional communication with property managers.
