$7,400,000
$7,750,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
440 Raymond AVE Santa Monica, CA 90405
28 Beds
28 Baths
15,820 SqFt
Key Details
Sold Price $7,400,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 15,820 sqft
Price per Sqft $467
MLS Listing ID 26848557
Sold Date 10/21/26
Bedrooms 28
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1969
Lot Size 0.317 Acres
Property 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.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Interior
Interior Features Crown Molding
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplace No
Appliance Oven, Refrigerator
Exterior
Parking Features Controlled Entrance, Covered, Garage, Garage Door Opener, Community Structure
Pool None
Porch Deck
Total Parking Spaces 29
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4287020031
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Tarek Abdulhalim Fiv Realty Co.


