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440 Raymond Ave
Santa Monica, CA 90405 Ocean Park

$7,750,000 USD

Apartments For Sale • 18,834 SF

Property Details

Property Type Apartments
Total Building Size 18,834 SF
Lot Size 0.32 AC
Building Class C
Year Built 1969
Cap Rate 5.49 %
Zoning R3, Santa Monica

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                First time on the market in nearly 30 years
                            
                                15 of 20 units renovated
                            
                                Copper plumbing, seismic retrofit & extensive system upgrades
                            
                                Courtyard-style layout with gated parking
                            
                                Approximately 5 blocks from the Pacific Ocean
                            
                                Minutes to Venice, Playa Vista & Downtown Santa Monica

Financial Summary (Actual)

Net Operating Income: $425,370 USD (2026)

Cap Rate:	5.49 %
Total Expenses:	$186,890 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Marcmade

Amenities

24 Hour Access
Balcony
Laundry Facilities
Storage Space
Walking/Biking Trails
Kitchen
Hardwood Floors
Refrigerator
Oven
Range
Tub/Shower
Public Transportation
Walk-Up
Quartz Countertops

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	14 min	-	7.6 mi
Bob Hope	36 min	-	23.9 mi
Long Beach (Daugherty Field)	37 min	-	26.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Benjamin Hsiang 818-517-0845 Realty Investment Advisors

440 Raymond Ave Santa Monica, CA 90405 Ocean Park