*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.
For sale
$7,750,000
440 Raymond Ave, Santa Monica, CA 90405
28beds
28baths
15,820sqft
Multi Family
Built in 1969
-- sqft lot
$7,017,700 Zestimate®
$490/sqft
$-- HOA
What's special
- 85 days
- 164
- 7
Zillow last checked:
Listing updated:
Listed by:
Don Favia DRE # 01841258 818-632-4660,
Realty Investment Advisors, Inc.,
Benjamin J. Hsiang DRE # 01438644 424-377-6001,
Realty Investment Advisors, Inc.
Source: CLAW,MLS#: 26848557
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 28
Kitchen
- Features: Bar, Stone Counters, Tile Counters
Heating
- Wall
Cooling
- None
Appliances
- Included: Oven, Refrigerator, Range/Oven
- Laundry: Laundry Area
Features
- Crown Molding
- Flooring: Carpet, Engineered Hardwood, Vinyl Plank, Wood Laminate
Interior area
- Total structure area: 15,820
- Total interior livable area: 15,820 sqft
Property
Parking
- Total spaces: 29
- Parking features: Community Structure, Secured, Covered, Garage Door Opener
- Has garage: Yes
- Covered spaces: 29
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level w/steps
- Patio & porch: Deck
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: Gate
Lot
- Size: 0.32 Acres
- Features: 5 + Lots, Sidewalks
Details
- Additional structures: None
- Parcel number: 4287020031
- Zoning: SMOP2*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Updated/Remodeled
- Year built: 1969
Community & HOA
Location
- Region: Santa Monica
Financial & listing details
- Price per square foot: $490/sqft
- Tax assessed value: $2,215,504
- Date on market: 6/17/2026
- Tenant pays: Gas, Electricity
Estimated market value
$7,017,700
$6.67M - $7.37M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Listed for sale | $7,750,000$490/sqft |
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| 11/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/29/2023 | Listed for rent | $2,650+2.3% |
Source: Zillow Rentals Report a problem | ||
| 9/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/28/2023 | Listed for rent | $2,590-25.8% |
Source: Zillow Rentals Report a problem | ||
| 8/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/31/2023 | Listed for rent | $3,490-4.4% |
Source: Zillow Rentals Report a problem | ||
| 8/14/2022 | Listing removed | -- |
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| 7/26/2022 | Price change | $3,650+2.8% |
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| 7/7/2022 | Price change | $3,550+1.5% |
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| 6/22/2022 | Price change | $3,499+4.4% |
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| 6/16/2022 | Price change | $3,350-4.3% |
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| 6/5/2022 | Listed for rent | $3,499+1.4% |
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| 1/30/2022 | Listing removed | -- |
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| 1/9/2022 | Listed for rent | $3,450+44.1% |
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| 11/23/2021 | Listing removed | -- |
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| 10/19/2021 | Listed for rent | $2,395+4.6% |
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| 8/5/2021 | Listing removed | -- |
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| 7/10/2021 | Price change | $2,290-31.8% |
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| 4/30/2021 | Price change | $3,360+46.7% |
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| 4/29/2021 | Price change | $2,290-31.8% |
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| 4/10/2021 | Price change | $3,360-2.6% |
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| 3/16/2021 | Price change | $3,450+44.4% |
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| 3/9/2021 | Price change | $2,390-30.7% |
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| 3/6/2021 | Listed for rent | $3,450 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Ocean Park
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