SB 1211 for 20-unit apartment in Santa Monica
In Santa Monica, a 20-unit 20-unit apartment just became one of the highest-yield SB 1211 typologies — 13 new homes, ministerially approved. At Santa Monica's median rent of $3,500/mo, that's ~$546K in additional gross annual rent.
The Santa Monica scenario
The capital stack on a typical Santa Monica 20-unit apartment project: existing equity (the lot itself, owned outright in many cases), construction loan against the new ADU appraised value, refi at completion against the stabilized rent roll.
Santa Monica watch: Santa Monica has rent control implications for new ADUs.
Large multifamily (10+ unit) design playbook
A 20-unit complex is capped at 8 detached ADUs by statute, so the play shifts toward interior conversions: max(1, ⌊units × 25%⌋) = 5 additional units carved from common rooms, oversized lobbies, basement storage, or laundry rooms.
Pro-forma snapshot
| Existing units | 20 |
| Detached ADUs (SB 1211) | 8 |
| Interior conversions | 5 |
| Total new units | 13 |
| Median 1BR rent in Santa Monica | $3,500/mo |
| Est. additional gross rent | $546K/yr |
| Estimated total project cost | ~$2,621K |
| Year-1 NOI estimate | ~$410K |
| Stabilized cap rate at cost | 15.6% |
| Replacement parking required | No (§66313) |
| Approval pathway | Ministerial · §66314 |
| Typical permit timeline in Santa Monica | 90-140 days |
Get a personalized SB 1211 feasibility report for 20-unit apartment owners in Santa Monica
3 minutes. We email you a 4-page PDF with your buildable count, parking determination, jurisdiction overlays, and pro-forma.
No spam · free · delivered in 24 hrs