$ 7,750,000
-
$7,750,000
Price -
3
Bed -
3
Bath -
15,820
SqFt
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About the Listing CLW-X82128 - CLW-C128817,CLW-X81016
*NOW TOURING* We are proud to present 440 Raymond Ave, a 20-unit multifamily investment opportunity located in the highly sought-after Ocean Park neighborhood of Santa Monica. Held by the same family since 1997, this offering represents a rare opportunity to acquire a Westside asset being offered for sale for the first time in nearly 30 years. Featuring a desirable courtyard-style layout, the property has benefited from significant capital improvements throughout ownership, including a complete copper plumbing repipe, newer above grade sewer pipes, completed seismic retrofit work, security enhancements, and numerous common area improvements. Additionally, 15 of the property's 20 units have been renovated with updated kitchens and bathrooms, quartz countertops, upgraded cabinetry, wood flooring, ceramic tile finishes, crown molding, LED lighting, and updated appliances. Ownership has completed extensive renovations while leaving additional upside through continued unit turnover.Positioned approximately five blocks from the Pacific Ocean, residents enjoy convenient access to Main Street Santa Monica's restaurants, cafes, boutiques, fitness studios, and neighborhood-serving retail. The property is also located near the Santa Monica Farmers Market, Santa Monica Pier, Abbot Kinney,Third Street Promenade, and the beach bike path. Located in the heart of Silicon Beach, 440 Raymond Ave benefits from proximity to major employment centers throughout Santa Monica, Venice, Playa Vista, Marina del Rey, and Culver City. Convenient access to Lincoln Boulevard, Pacific Coast Highway, and the I-10 Freeway further enhances accessibility throughout the Westside.440 Raymond Ave offers investors a rare opportunity to acquire a well-located Ocean Park apartment asset being offered for sale for the first time in nearly 30 years, with extensive renovations, a walk-to-beach location, and continued rental upside.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
26848557
Year Built
1969
Total Square Footage
15,820
Lot/Acreage
0.32
County
Los Angeles
Area
C14 - Santa Monica
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Oven, Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Crown Molding
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 29
- Zoning: SMOP2*
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer:
- Parking Features: Controlled Entrance,Covered,Garage,Garage Door Opener,Community Structure
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4287020031
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
440 Raymond Ave Santa Monica, CA 90405
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