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For sale
  • $1,795,000

    2440 Arizona Ave, Santa Monica, CA 90404

    4beds
    4baths
    2,644sqft
    : 
    $12,179/mo
    Get pre-qualified
    Multi Family
    Built in 1951
    -- sqft lot
    $1,752,900 Zestimate®
    $679/sqft
    $-- HOA

    What's special

    We are pleased to present 2440 Arizona Avenue, a 4-unitmultifamily property located in the highly sought-after city of Santa Monica. Built in 1951, the property offers approximately 2,644 square feet of rentable living area on a 5,198-square-foot lot, presenting investors with a rare opportunity to acquire a well-located asset in one of Los Angeles County's most desirable coastal rental markets. The property features an attractive unit mix consisting of three 1-bedroom/1-bath units and one 1-bedroom/1-bath unit with a private yard, appealing to a broad tenant base seeking the lifestyle andconvenience that Santa Monica has to offer.The building showcases the charm and character of classic post-war construction while offering significant flexibility for both investors and owner-users. The property will be delivered with two vacant units, including one with a private yard, creating immediate occupancy and value-add potential. Additional amenities includea laundry room, shared backyard, and detached garages with alley access. Investors may also explore thepotential for an ADU addition, subject to buyer verification, further enhancing future income and overallproperty value.2440 Arizona Avenue benefits from an exceptional location in the heart of Santa Monica, placing residentswithin close proximity to major employment centers along the Westside, including Silicon Beach, DowntownSanta Monica, UCLA, and numerous technology, healthcare, and creative firms throughout the region. Theproperty is conveniently located near McKinley Elementary School, within walking distance of St. John's Hospitaland UCLA Medical Center Santa Monica, and approximately two miles from the beaches and Third StreetPromenade. Surrounded by premier dining, shopping, and entertainment destinations, this well-positioned assetoffers stable in-place income, strong long-term tenant demand, and the potential for continued appreciation inone of Southern California's premier multifamily investment markets.
    39 days
    559
    31

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Sterman DRE # 01911703 818-943-2319,

    Marcus & Millichap 818-212-2700

    Source: CLAW,MLS#: 26987185MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Other
      Cooling
      • Other
      Appliances
      • Included: Other Water Heater Type
      Interior area
      • Total structure area: 2,644
      • Total interior livable area: 2,644 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Other
      Features
      • Levels: Two
      Lot
      • Size: 5,196 Square Feet
      Details
      • Additional structures: Other
      • Parcel number: 4276022029
      • Land lease expiration date: 1799366400000
      • Zoning: SMR2*
      • Special conditions: Standard
      • Other equipment: Other

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1951

      Community & HOA

      Location
      • Region: Santa Monica

      Financial & listing details

      • Price per square foot: $679/sqft
      • Tax assessed value: $1,861,500
      • Date on market: 9/11/2026

        Estimated market value

        $1,752,900

        $1.67M - $1.84M

        $5,128/mo

        Price history

        DateEventPrice
        9/11/2026Listed for sale$1,795,000-1.6%$679/sqft
        Source: CLAW #26987185 Report a problem
        3/8/2024Sold$1,825,000+1.7%$690/sqft
        Source: Public Record Report a problem
        2/8/2024Pending sale$1,795,000$679/sqft
        Source: CLAW #24-348035 Report a problem
        1/30/2024Listed for sale$1,795,000$679/sqft
        Source: CLAW #24-348035 Report a problem
        1/26/2024Contingent$1,795,000$679/sqft
        Source: CLAW #24-348035 Report a problem
        1/16/2024Listed for sale$1,795,000+452.3%$679/sqft
        Source: CLAW #24-348035 Report a problem
        1/20/1995Sold$325,000+36.8%$123/sqft
        Source: Public Record Report a problem
        11/28/1994Sold$237,501-42%$90/sqft
        Source: Public Record Report a problem
        3/2/1994Sold$409,836$155/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $1,898,730 +2%
        2025$23,546 +224.8%$1,861,500 +247.3%
        2024$7,248 +1.6%$535,952 +2%
        2023$7,131 +1.5%$525,460 +2%
        2022$7,027 +3%$515,173 +2%
        2021$6,822 +0.7%$505,088 +1%
        2020$6,772 $499,918 +2%
        2019$6,772 +7.8%$490,132 +2%
        2018$6,285 $480,538 +2.2%
        2017$6,285 +0.6%$470,352 +2%
        2016$6,246 +3.7%$461,130 +1.5%
        2015$6,026 +2.2%$454,205 +2%
        2014$5,895 $445,308 +2.5%
        2012-- $434,606 +2%
        2011-- $426,085 +0.8%
        2010-- $422,902 -0.2%
        2009-- $423,908 +2%
        2008-- $415,597 +2%
        2007-- $407,449 +2%
        2006-- $399,461
        2005-- $399,461 +4%
        2004-- $383,951 +1.9%
        2003-- $376,915 +2%
        2002-- $369,525 +4%
        2000-- $355,177
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Mid-City

        Getting around

        88 / 100
        Very Walkable
        68 / 100
        Good Transit
        91 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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