Even if you have lived in Santa Monica for most, or all, of your life you may be surprised to learn of these little-known facts about our City. Be forewarned; some of these tidbits may disappoint you.
- The population of SM is 92,987.
- The median age of residents is 49.
- Only 27% of the population own their homes. (Call me if you are one of the 73% that want to buy one or if you are one of the 27% that own but want to sell one!)
- The UCLA Medical Center is the largest employer with approximately 2,212 employees.
- Close to half the population work in a creative field.
- There are 2,656 creative and technology industries employing a total of 25,102 people.
- Along with neighboring Venice, the growing technology business and creative sector is now termed, Silicon Beach.
- Santa Monica College is the #1 Community College in California.
- 65% of residents have a bachelor’s degree, or higher.
- In 2016 $7.5 million dollars was raised through businesses for local schools.
- This is a bike friendly City with nearly 110 miles of bike paths.
- A total of 130 acres make up all 27 park areas.
- Parking is free on City streets for all clean air vehicles with the white or green stickers.
- SM is an eco-friendly City with car-free services such as the expo-light rail, breeze bike share and (for now) Bird scooters (some city officials want the scooters banned).
- Tourism is a huge business (duh) with a total of 8.4 million visitors that spent a whopping $1.87 billion dollars here annually. Need proof? Go to 3rd Street on a warm sunny day.
- 49% of these visitors are from overseas.
- Sustainable living and energy efficiency has been the focus for years. Since 2010, we have saved 5.9 million gallons of water from all the grants and rebates issued to businesses and residents. Solar panels are now required on new construction homes.
- 100 businesses have received the Annual Sustainable Quality Award.
- The City received $62.7 million in transient occupancy hotel and retail sales tax. Without this tax each resident would have to pay an additional $1,311 per year.
- Santa Monica was voted “One of the Top Ten Beach Cities in the World” by National Geographic.
In real estate news, I have a couple of great little investment properties that are not yet in MLS. Both these duplexes can be had for under $3M. Call me for details.
There has been 1 truly new listing and 3 re-listed properties in the MLS this week (‘tis the season, after all).
624 22nd Street – Listed for $4,579,000. Updated Mediterranean, 4300+ sqft with 5 bedrooms, 5.5 baths in the classic 1989 layout- large public rooms and an ideal 4 bedrooms upstairs, 1 downstairs. Last sold in 2014 for $3,438,030. First showings will be during the Sunday Open House.
353 20th Street – Re-Listed for $7,349,000 after sitting on the market for the second half of 2017 at $7,350,000. Three story Mediterranean property includes a basement with a wine cellar and entertainment area. The home is approximately 7,385 square feet of interior space. 6 bedrooms and 9.5 bathrooms. Backyard has a solar heated pool that is surrounded by tall hedges.
446 25th Street – Re-Listed for $5,998,000. Originally listed in July of 2017 at $6,498,000. Contemporary Spanish, newly completed with impeccable finishes, wine cellar and billiard room, a lovely indoor/outdoor flow. Nice grassy backyard with a pool, spa and bathroom. Approximately 4,911 square feet, 5 bedrooms and 6.5 bathrooms. Last sold April 27, 2016 for $3,333,000.
311 23rd Street – Re-Listed for $4,890,000. Originally listed in October 2017 for $5,450,000. County English home with 4 bedrooms and 3.75 baths, on a large 10,072 square foot lot. Property also has a detached 1 bedroom guest house. Listed for $5,450,000. Private backyard with pool, spa and outdoor shower. Last sold November 27, 2012 for $2,950,000.
No properties were reported to have gone into escrow this week.
One closed MLS sale to report:
534 21St Street – Sold for $3,800,000.