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.
For sale
$1,795,000
2440 Arizona Ave, Santa Monica, CA 90404
4beds
4baths
2,644sqft
Multi Family
Built in 1951
-- sqft lot
$1,752,900 Zestimate®
$679/sqft
$-- HOA
What's special
- 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#: 26987185
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
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $1,795,000-1.6%$679/sqft |
Source: | ||
| 3/8/2024 | Sold | $1,825,000+1.7%$690/sqft |
Source: Public Record Report a problem | ||
| 2/8/2024 | Pending sale | $1,795,000$679/sqft |
Source: | ||
| 1/30/2024 | Listed for sale | $1,795,000$679/sqft |
Source: | ||
| 1/26/2024 | Contingent | $1,795,000$679/sqft |
Source: | ||
| 1/16/2024 | Listed for sale | $1,795,000+452.3%$679/sqft |
Source: | ||
| 1/20/1995 | Sold | $325,000+36.8%$123/sqft |
Source: Public Record Report a problem | ||
| 11/28/1994 | Sold | $237,501-42%$90/sqft |
Source: Public Record Report a problem | ||
| 3/2/1994 | Sold | $409,836$155/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






