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For sale
  • $7,750,000

    440 Raymond Ave, Santa Monica, CA 90405

    28beds
    28baths
    15,820sqft
    : 
    $52,095/mo
    Get pre-qualified
    Multi Family
    Built in 1969
    -- sqft lot
    $7,310,200 Zestimate®
    $490/sqft
    $-- HOA

    What's special

    *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.
    38 days
    |
    180
    |
    6
    |

    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#: 26848557MLS Logo

      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

        $7,310,200

        $6.94M - $7.68M

        $4,015/mo

        Price history

        DateEventPrice
        6/17/2026Listed for sale$7,750,000$490/sqft
        Source: CLAW #26848557 Report a problem
        11/21/2023Listing removed--
        Source: Zillow Rentals Report a problem
        10/29/2023Listed for rent$2,650+2.3%
        Source: Zillow Rentals Report a problem
        9/20/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/28/2023Listed for rent$2,590-25.8%
        Source: Zillow Rentals Report a problem
        8/18/2023Listing removed--
        Source: Zillow Rentals Report a problem
        7/31/2023Listed for rent$3,490-4.4%
        Source: Zillow Rentals Report a problem
        8/14/2022Listing removed--
        Source: Engel & Volkers Report a problem
        7/26/2022Price change$3,650+2.8%
        Source: Engel & Volkers #22-182833 Report a problem
        7/7/2022Price change$3,550+1.5%
        Source: Engel & Volkers #22-164365 Report a problem
        6/22/2022Price change$3,499+4.4%
        Source: Engel & Volkers #22-164365 Report a problem
        6/16/2022Price change$3,350-4.3%
        Source: Engel & Volkers #22-164443 Report a problem
        6/5/2022Listed for rent$3,499+1.4%
        Source: Engel & Volkers #22-164365 Report a problem
        1/30/2022Listing removed--
        Source: Engel & Volkers Report a problem
        1/9/2022Listed for rent$3,450+44.1%
        Source: Engel & Volkers #22-117015 Report a problem
        11/23/2021Listing removed--
        Source: Engel & Volkers Report a problem
        10/19/2021Listed for rent$2,395+4.6%
        Source: Engel & Volkers #21-796692 Report a problem
        8/5/2021Listing removed--
        Source: Engel & Volkers Report a problem
        7/10/2021Price change$2,290-31.8%
        Source: Engel & Volkers #21-698554 Report a problem
        4/30/2021Price change$3,360+46.7%
        Source: Engel & Volkers #21-698484 Report a problem
        4/29/2021Price change$2,290-31.8%
        Source: Engel & Volkers #21-698554 Report a problem
        4/10/2021Price change$3,360-2.6%
        Source: Engel & Volkers #21-698484 Report a problem
        3/16/2021Price change$3,450+44.4%
        Source: Engel & Volkers #21-698484 Report a problem
        3/9/2021Price change$2,390-30.7%
        Source: Engel & Volkers #21-698554 Report a problem
        3/6/2021Listed for rent$3,450
        Source: Engel & Volkers #21-698484 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Ocean Park

        Getting around

        91 / 100
        Walker's Paradise
        57 / 100
        Good Transit
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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