Active

440 Raymond Avenue

Santa Monica, CA 90405
Mark as Favorite
Bed 28

Bed

Bath 0

Bath

SqFt15,820

Sqft

SqFt13,811

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $7,750,000

AD Id : 84977451

MLS Id : 26848557

Beds : 28

Lot Size : 13,811 Sqft

Living Area Size : 15,820

Year Built : 1969

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 28

    Bathroom Information

    Total Baths: 28 Full Baths: 0 Half Baths: 0
  • Interior Features

    Interior Features: Crown Molding Property Appliances: Oven,Refrigerator Flooring: Carpet
  • Cooling Features

    None Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1969 Building Area Total: 15,820
  • Pool Features

    None

    Patio And Porch

    Deck

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3171
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 13811

  • Listing Price Information

    Original List Price: 7,750,000 Listing Contract Date: 2026-06-16
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4287020031

  • Garage and Parking

    Garage Description: Controlled Entrance,Covered,Garage,Garage Door Opener,Community Structure

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C14 - Santa Monica Directions: Ocean Park Neighborhood, West of Lincoln, South of Ocean Park Blvd Zoning: SMOP2* Source Property Type: Residential Income Area: C14 - Santa Monica
  • Building and Construction

    Property Age: 57 Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 15820 Entry Location: Ground Level w/steps Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2521 33rd Street, Santa Monica, CA, 90405 $2,495,000 2 1 1,571 1,571 SqFt
2312 32nd Street, Santa Monica, CA, 90405 $2,150,000 3 2 1,361 1,361 SqFt
2302 32nd Street, Santa Monica, CA, 90405 $2,075,000 6 -- 3,492 3,492 SqFt
2711 Pico Boulevard, Santa Monica, CA, 90405 $5,990,000 18 -- 9,926 9,926 SqFt
2410 Ocean Park Boulevard, Santa Monica, CA, 90405 $2,050,000 10 -- 6,324 6,324 SqFt
2626 Cloverfield, Santa Monica, CA, 90405 $4,950,000 -- -- 5,968 5,968 SqFt
2030 Marine Street, Santa Monica, CA, 90405 $2,999,000 3 1 1,899 1,899 SqFt
2210 24th Street, Santa Monica, CA, 90405 $1,995,000 6 -- 3,671 3,671 SqFt
2517 20th Street, Santa Monica, CA, 90405 $2,280,000 7 -- 3,219 3,219 SqFt
1807 Oak Street, Santa Monica, CA, 90405 $2,450,000 6 -- 4,607 4,607 SqFt

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ByOwner last updated this listing 06/17/2026 @ 07:10

MLS: 26848557 LISTED BY: Don Favia, Realty Investment Advisors, Inc. SOURCE: CRMLS

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