Three-Unit Live-Work
New
For Sale
$2,895,000
1411 Cloverfield Blvd, Santa Monica, CA 90404
Flexible property combining private residences, workspace, outdoor areas, and secure off-street parking.
Property Size4,098 SF
Price / SF$706.44
Days on Market4
Property Features for 1411 Cloverfield Blvd
General Information
Standard status
Active
Size
4,098 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
hardwood floors
soaring ceilings
abundant natural light
exposed brick walls
central HVAC
private outdoor spaces
secure off-street parking
Building Details
Year Built
1999
Listed By:
Jordan Bennett · License #01850869
(949) 282-9381
Source:
Orangecountyrealestateservices
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 7:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jordan Bennett
Investment Insights
Based on property information with market context.
The property at 1411 Cloverfield Blvd comprises three live/work residences totaling 4,098 square feet. Built in 1999, the reconfigured units feature hardwood flooring, high ceilings, exposed brick, central HVAC, substantial natural light, private outdoor areas, and secure off-street parking. The layout supports a combined residential and workspace format within a single property.
Located in Santa Monica’s Media District, the property is near Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions. St. John’s Medical Center, Parkside Medical, Colorado Center Park, and Schader Park are also nearby, while the Bergamot Station Arts Center redevelopment is identified as an emerging area amenity. Dining, shopping, entertainment, and Santa Monica beach are within minutes.
Located in Santa Monica’s Media District, the property is near Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions. St. John’s Medical Center, Parkside Medical, Colorado Center Park, and Schader Park are also nearby, while the Bergamot Station Arts Center redevelopment is identified as an emerging area amenity. Dining, shopping, entertainment, and Santa Monica beach are within minutes.
Key Highlights
- Three live/work residences totaling 4,098 SF
- 1411 Cloverfield Blvd location in Santa Monica’s Media District
- Hardwood floors, exposed brick, high ceilings, and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,791,580
$1.8M
Cap Rate 7%
$1,279,700
$1.3M
Cap Rate 9%
$995,322
$995.3K
Market Conditions
NOI Build-Up for 4,098 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$157.4K $38.40/SF
− Vacancy
−$37.9K −$9.25/SF
EGI
$119.4K $29.15/SF
− OpEx
−$29.9K −$7.29/SF
NOI
$89.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,791,580
Cap Rate 7%
$1,279,700
Cap Rate 9%
$995,322
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,579 @ 7.0% cap · market cap 3.09%
Second Best
Mixed Use
$1.19M
$1.04M – $1.38M
NOI $82,985 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,584 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,977
Businesses Nearby
Explore this area
Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Flexible property combining private residences, workspace, outdoor areas, and secure off-street parking.
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 $2,895,000.
What are key features of this property?
This property features: Three live/work residences totaling 4,098 SF; 1411 Cloverfield Blvd location in Santa Monica’s Media District; Hardwood floors, exposed brick, high ceilings, and abundant natural light
