440 Raymond AV
Santa Monica, CA, 90405
$7,750,000
28 Beds
28 Baths
15,820 SqFt
0.32 Acres
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MLS #26848557 image #0
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.

Property Details

Price:
$7,750,000
MLS #:
26848557
Status:
Active
Beds:
28
Baths:
28
Type:
Single Family
Neighborhood:
c14santamonica
Listed Date:
Jun 16, 2026
Finished Sq Ft:
15,820
Total Sq Ft:
15,820
Lot Size:
13,811 sqft / 0.32 acres (approx)
Year Built:
1969
C14 – Santa MonicaC14santamonica

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Schools

Interior

Appliances
RF, OV
Cooling
NO
Flooring
CARP
Heating
WL
Interior Features
CRWN
Levels
U

Exterior

Parking Spots
29
Parking Total
29
Patio And Porch Features
DK
Spa Features
NO

Financial

Gross Operating Income
$612,260
Net Operating Income
$425,370

Map

Community

Market Summary

Current real estate data for Single Family in Santa Monica as of Jun 17, 2026
424
Single Family Listed
75
Avg DOM
507
Avg $ / SqFt
$2,143,130
Avg List Price

Property Summary

    440 Raymond AV Santa Monica CA is a Single Family for sale in Santa Monica, CA, 90405. It is listed for $7,750,000 and features 28 beds, 28 baths, and has approximately 15,820 square feet of living space, and was originally constructed in 1969. The current price per square foot is $490. The average price per square foot for Single Family listings in Santa Monica is $507. The average listing price for Single Family in Santa Monica is $2,143,130.

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