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    The Largest CRE Database in the US with Over 1 Million Listings

    1411 Cloverfield Blvd Santa Monica, CA 90404

    Sponsored
    For Sale
    $2,970,000

    MULTI_FAMILY - Santa Monica, CA

    Property size:
    4,098 SF
    Lot size:
    0.05 Acres
    Days on Market:
    40
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 1411 Cloverfield Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    SMC4*
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 3
    Bedrooms
    2
    Bathrooms
    3
    APN
    4275-004-015
    Parking
    6
    Parking features
    Garage, Assigned
    Size
    4,098 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    3

    We can help!

    Listing Contact
    Jonathan Taksa

    RE/MAX Commercial & Investment (310) 802-2500

    Listing agent Jonathan Taksa (213) 817-1000 License #01366169

    Listing date Jan 12, 2026

    MLS# 25605237

    Copyright © 2026 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cloverfield Creative Residences Live/Work Units

    The Cloverfield Creative Residences feature a collection of three live/work units located in Santa Monica's Media District. The property is located at 1411 Cloverfield Boulevard. The units have been designed with flexibility and aesthetic appeal, featuring hardwood floors, high ceilings, natural light, exposed brick walls, central HVAC, private outdoor spaces, and secure off-street parking. The property is suited to creative professionals, medical and tech users, design firms, and boutique production companies. The property is near Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions, St. John's Medical Center, Parkside Medical, and the Bergamot Station Arts Center redevelopment. Colorado Center Park and Schader Park are nearby, with dining, shopping, entertainment, and the Santa Monica beach within minutes. The lot size is 0.0459 acres and the property size is 4098 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DZ Solutions IT Consulting Firm D Baron Media ... Professional Services

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.476485
    Latitude
    34.030928

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    FAQs

    What type of property is this?
    Live-work space - Reimagined live/work units in Santa Monica's Media District.
    Where is this live-work space located?
    The property is located at 1411 Cloverfield Blvd Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $2,970,000.
    What are key features of this property?
    This property features: - Prime location in Santa Monica's Media District, surrounded by major companies like Amazon and Oracle.; - Flexible live/work units suitable for creative professionals, medical, tech, and design firms.; - High-design aesthetic with hardwood floors, soaring ceilings, exposed brick, and abundant natural light.
    (213) 817-1000
    Request Owner's contact information
    1411 Cloverfield Blvd Santa Monica, CA 90404
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    Santa Monica, CA 90404
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1411 Cloverfield Blvd Santa Monica, CA 90404
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    We can help!
    Listing Contact
    Jonathan Taksa
    Real Estate License ID: 01366169
    (213) 817-1000 (310) 968-5303 (424) 672-8220
    Learn more
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