440 Raymond Avenue, Santa Monica, CA 90405

Multi-Family · For sale · $7,750,000 · MLS# 26848557

Multi-Family for sale in Southern California — $7,750,000. 28 beds · 28 baths · 15,820 sqft. *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…

440 Raymond Avenue
For sale

$7,750,000

440 Raymond Avenue, Santa Monica, CA 90405

28beds
28baths
15,820sqft
Multi-FamilyProperty type
1969Year built
0.32 acresLot size
15,820 sqftLiving area
$490/sqftPrice / sqft
HOA
29 spacesParking

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 28
  • Bathrooms: 28

Heating

  • Heating: Wall Furnace

Cooling

  • Cooling: None

Appliances

  • Included: Oven, Refrigerator

Interior area

  • Living area: 15,820 sqft

Property

Parking

  • Total parking spaces: 29

Lot

  • Lot size: 0.32 acres

Features

  • Pool features: None

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1969

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 32 days
  • Price / sqft: $490
  • Status: Active
  • MLS#: 26848557

Location

  • City: Santa Monica
  • ZIP: 90405

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.

Listing updated: June 24, 2026 at 11:19 AM

Listed by: Don Favia, Realty Investment Advisors, Inc.

Source: CRMLS, MLS#: 26848557, Originating MLS: California Regional MLS

Location

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Santa Monica

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Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 28
  • Bathrooms: 28

Heating

  • Heating: Wall Furnace

Cooling

  • Cooling: None

Appliances

  • Included: Oven, Refrigerator

Interior area

  • Living area: 15,820 sqft

Property

Parking

  • Total parking spaces: 29

Lot

  • Lot size: 0.32 acres

Features

  • Pool features: None

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1969

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 32 days
  • Price / sqft: $490
  • Status: Active
  • MLS#: 26848557

Location

  • City: Santa Monica
  • ZIP: 90405

Price history

DateEventPrice
6/16/2026Source: CRMLS, #26848557Listed for sale$7,750,000$490/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-06-24 11:19:51 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information