Investment Overview

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 multifamily investment markets.