About This Property
430 Pico is a 31-unit affordable housing community in Santa Monica that serves families and formerly homeless individuals. The property includes 22 two-bedroom units and 10 three-bedroom units, all designated as low-income housing. Placed in service in 2013, the community is non-profit owned and funded through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Santa Monica
The Santa Monica Housing Authority is identified as an HCV-Only PHA, indicating they do not own or manage public housing directly. No current information found for a Public Housing waitlist.
Waitlists closed effective April 21, 2025. Applications must have been submitted no later than 11:59 PM on Sunday, April 20, 2025. The waitlist will remain open for individuals and households who qualify for Tier 1 priorities.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Los Angeles County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,777 |
| 1 Bedroom | $2,006 |
| 2 Bedroom | $2,544 |
| 3 Bedroom | $3,263 |
| 4 Bedroom | $3,600 |
Income Limits - Los Angeles County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $24,850
- Very Low (50%)
- $41,400
- Low (80%)
- $66,250
- Extremely Low (30%)
- $28,400
- Very Low (50%)
- $47,300
- Low (80%)
- $75,700
- Extremely Low (30%)
- $31,950
- Very Low (50%)
- $53,200
- Low (80%)
- $85,150
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $59,100
- Low (80%)
- $94,600
- Extremely Low (30%)
- $38,300
- Very Low (50%)
- $63,850
- Low (80%)
- $102,200
- Extremely Low (30%)
- $41,150
- Very Low (50%)
- $68,600
- Low (80%)
- $109,750
- Extremely Low (30%)
- $44,000
- Very Low (50%)
- $73,300
- Low (80%)
- $117,350
- Extremely Low (30%)
- $46,800
- Very Low (50%)
- $78,050
- Low (80%)
- $124,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $24,850 | $41,400 | $66,250 |
| 2 Persons | $28,400 | $47,300 | $75,700 |
| 3 Persons | $31,950 | $53,200 | $85,150 |
| 4 Persons | $35,450 | $59,100 | $94,600 |
| 5 Persons | $38,300 | $63,850 | $102,200 |
| 6 Persons | $41,150 | $68,600 | $109,750 |
| 7 Persons | $44,000 | $73,300 | $117,350 |
| 8 Persons | $46,800 | $78,050 | $124,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Santa Monica, CA?+
The Fair Market Rent (FMR) for Los Angeles County, CA is: $1777 (Studio), $2006 (1BR), $2544 (2BR), $3263 (3BR), $3600 (4BR). Actual rent at subsidized properties like 430 Pico is typically 30% of household income or less.
What size apartments are available at 430 Pico?+
430 Pico offers the following unit types: 22 Two-Bedroom, 10 Three-Bedroom units, for a total of 31 units.
Who manages 430 Pico?+
430 Pico is managed by . You can reach them at .
How do I apply for housing at 430 Pico?+
430 Pico is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Los Angeles County, CA?+
For a 4-person household in Los Angeles County, CA, the income limits are: Extremely Low Income (30% AMI): $35,450, Very Low Income (50% AMI): $59,100, Low Income (80% AMI): $94,600. These limits are set by HUD and updated annually.
Is there a waitlist for 430 Pico?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at 430 Pico?+
430 Pico primarily serves families, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Santa Monica, CA?+
Based on Fair Market Rent for Los Angeles County, the estimated price range is: 2-bedroom: $2544, 3-bedroom: $3263. Actual rent at 430 Pico may be lower for income-eligible households.
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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