440 Raymond Avenue, Santa Monica, CA 90405
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
440 Raymond Avenue,Santa Monica, CA 90405
$7,750,000
- 28 Beds
- 28 Baths
- 15,820 sq. ft.
- Multi-family
- Active
Listed by: don favia, benjamin j. hsiang
Office: realty investment advisors, inc.
MLS#:26848557
Source:CRMLS
Price summary
- Price:$7,750,000
- Price per sq. ft.:$489.89
About this home
*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....
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Home facts
- Year built:1969
- Listing ID #:26848557
- Added:101 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:28
- Total bathrooms:28
- Flooring:Carpet
- Kitchen Description:Oven, Refrigerator
- Living area:15,820 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1969
- Building area:15,820 sq. ft.
- Lot area:0.32 Acres
- Exterior Features:Deck
- Levels:2 Story
Finances and disclosures
- Price:$7,750,000
- Price per sq. ft.:$489.89
Features and amenities
- Amenities:Crown Molding
Parking
- Total parking spaces:29
- Parking description:Community Structure, Controlled Entrance, Covered, Garage, Garage Door Opener
- Garage:Yes
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