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Millman Team Real Estate

$7,750,000
28 Bed
28 Bath
15,820 Sqft
0.32 Acre Lot

440 Raymond Avenue, Santa Monica, California 90405

  • Residential Income Property Type
  • 15,820 Sqft Square Footage
  • Garage Cars Garage
  • 1969 Year Built
Property Description

*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.

Basic Details
Residential Income
For Sale
26848557
$7,750,000
28
28
15,820 Sqft
1969
0.32 Acre
Active
Features
: None
: Wall Furnace
: None
: Deck
: Garage, Garage Door Opener, Controlled Entrance, Covered, Community Structure
: Carpet
: Crown Molding
$0
Appliances
: Refrigerator, Oven
Address Map
CA
Los Angeles
Santa Monica
90405
Raymond
440
Avenue
W119° 31' 18.3''
N34° 0' 8.6''
Ocean Park Neighborhood, West of Lincoln, South of Ocean Park Blvd
C14 - Santa Monica
SMOP2*
Additional Information
$0
$0
$0
$0
$0
15820
: Two
20
2026-06-16
2
2
Broker/Agent Information
Realty Investment Advisors, Inc.
Don Favia
Listing Information
Benjamin J. Hsiang
CLW-X81016
CLW-X82128
Realty Investment Advisors, Inc.
CLW-C128817
CLW-X82128
Cash
Active
2026-07-30T22:43:11Z
CRMLS
: Standard
2026-06-16T00:00:00Z
Agent info
Ray Millman
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