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Prashant Sampat

prashant@pacificaverealty.com +1(562) 841-0227

$ 7,750,000

Est. payment -/mo

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440 Raymond AVE Santa Monica, CA 90405

28 Beds

28 Baths

15,820 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 15,820 sqft

Price per Sqft $489

MLS Listing ID 26848557

Bedrooms 28

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1969

Lot Size 0.317 Acres

Property Description

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Don Favia Realty Investment Advisors, Inc. #01841258

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Prashant Sampat

Broker | License ID: 01916221

+1(562) 841-0227 | prashant@pacificaverealty.com

Prashant Sampat

440 Raymond AVE Santa Monica, CA 90405

Key Details

Location

Interior

Exterior

Building

Others

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440 Raymond AVE