2440 Arizona Avenue,Santa Monica, CA 90404
Santa Monica, CA 90404
Description
We are pleased to present 2440 Arizona Avenue, a 4-unitmultifamily property located in the highly sought-after city of Santa Monica. Built in 1951, the property offers approximately 2,644 square feet of rentable living area on a 5,198-square-foot lot, presenting investors with a rare opportunity to acquire a well-located asset in one of Los Angeles County's most desirable coastal rental markets. The property features an attractive unit mix consisting of three 1-bedroom/1-bath units and one 1-bedroom/1-bath unit with a private yard, appealing to a broad tenant base seeking the lifestyle andconvenience that Santa Monica has to offer.The building showcases the charm and character of classic post-war construction while offering significant flexibility for both investors and owner-users. The property will be delivered with two vacant units, including one with a private yard, creating immediate occupancy and value-add potential. Additional amenities includea laundry room, shared backyard, and detached garages with alley access. Investors may also explore thepotential for an ADU addition, subject to buyer verification, further enhancing future income and overallproperty value.2440 Arizona Avenue benefits from an exceptional location in the heart of Santa Monica, placing residentswithin close proximity to major employment centers along the Westside, including Silicon Beach, DowntownSanta Monica, UCLA, and numerous technology, healthcare, and creative firms throughout the region. Theproperty is conveniently located near McKinley Elementary School, within walking distance of St. John's Hospitaland UCLA Medical Center Santa Monica, and approximately two miles from the beaches and Third StreetPromenade. Surrounded by premier dining, shopping, and entertainment destinations, this well-positioned assetoffers stable in-place income, strong long-term tenant demand, and the potential for continued appreciation inone of Southern California's premier multifamily investment markets.
Details
| MLS # | 26987185 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 47 |
| Listing Provided By | Marcus & Millichap | Michael Sterman |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,644 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | SMR2* |
| Acreage | 0.12 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90404 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90404) | |
Price: $1,795,000 low | high Med: $899,500 sqft: 2,644 low | high Med: 1,424 $ / sqft: $679 low | high Med: $633 On site: 47 low | high Med: 96 | |
Market Activity 90404
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90404 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90404) | |
Price: $1,795,000 low | high Med: $899,500 sqft: 2,644 low | high Med: 1,424 $ / sqft: $679 low | high Med: $633 On site: 47 low | high Med: 96 | |
