2440 Arizona Ave — Sale in Santa Monica, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Santa Monica, CA 90404

Photos

2440 Arizona Ave — Sale in Santa Monica, CA, photo 1 of 2
2440 Arizona Ave — Sale in Santa Monica, CA, photo 2 of 2

Investment Figures

Cap rate
4.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 2440 Arizona Avenue, a 4-unit multifamily 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 and convenience 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 include a laundry room, shared backyard, and detached garages with alley access. Investors may also explore the potential for an ADU addition, subject to buyer verification, further enhancing future income and overall property value. 2440 Arizona Avenue benefits from an exceptional location in the heart of Santa Monica, placing residents within close proximity to major employment centers along the Westside, including Silicon Beach, Downtown Santa Monica, UCLA, and numerous technology, healthcare, and creative firms throughout the region. The property is conveniently located near McKinley Elementary School, within walking distance of St. John’s Hospital and UCLA Medical Center Santa Monica, and approximately two miles from the beaches and Third Street Promenade. Surrounded by premier dining, shopping, and entertainment destinations, this well-positioned asset offers stable in-place income, strong long-term tenant demand, and the potential for continued appreciation in one of Southern California’s premier multi

Market Context

This multifamily in Santa Monica, CA is listed for sale. It is offered at an approximate 4.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Santa Monica, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Santa Monica, CA