About This Property
Wavecrest Apts provides 20 units of affordable housing in Santa Monica, with 19 low-income units serving families. The property offers a mix of 10 two-bedroom and 10 three-bedroom units and has been in service since 2000. The development utilizes 9% Low-Income Housing Tax Credits to support its affordable housing mission.
Waitlist Information
Waitlist managed by Housing Authority of the City of Santa Monica
No current information found for a distinct Public Housing program waitlist separate from HCV or BMH.
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 April 17, 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 |
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 Wavecrest Apts is typically 30% of household income or less.
What size apartments are available at Wavecrest Apts?+
Wavecrest Apts offers the following unit types: 10 Two-Bedroom, 10 Three-Bedroom units, for a total of 20 units.
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 Wavecrest Apts may be lower for income-eligible households.
Is there a waitlist for Wavecrest Apts?+
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.
How do I apply for housing at Wavecrest Apts?+
Wavecrest Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.
Who manages Wavecrest Apts?+
Wavecrest Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Wavecrest Apts?+
Wavecrest Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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