440 Raymond Ave , Santa Monica, CA 90405
$7,750,000
Est. Payment: $38,996.77/mo
3 Bed
3 Bath
15820 Sqft
Status: active | Days on site: 44
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

*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.

Highlights

Listed by Don Favia , 424-377-6002 and Benjamin J. Hsiang , 424-377-6001 Realty Investment Advisors, Inc. , CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.32

Year Built

1969

County

Los Angeles

Area

C14 - Santa Monica

Listing ID

26848557

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:0
Appliances:Oven, Refrigerator
Floor:Carpet
Other:Crown Molding

Exterior Features

Lot:No Land Lease
Garage Capacity:29
Zoning:SMOP2*
Others:Updated/Remodeled,2+ Total Units
Parking Features:Controlled Entrance,Covered,Garage,Garage Door Opener,Community Structure
Principal Interest
$38,997
Taxes
$4,941

Home Price

$7,750,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$1,550,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$38,996.77

Principal

Taxes

Principal Taxes HOA Total
Monthly $38,996.77 $4,940.63 $0.00 $43,937.40
Yearly $467,961.30 $59,287.50 $0.00 $527,248.80
Total $14,038,838.92 $1,778,625.00 $0.00 $15,817,463.92

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Santa Monica, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-09T02:36:50.000Z

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