Three-Unit Live-Work
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 Market50
Property Features for 1411 Cloverfield Blvd
General Information
Standard status
Active
Size
4,098 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Pico
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: Oct 26
Last Checked: Oct 24 at 4:51PM
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
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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 / Yr
$89,579
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,977
Businesses Nearby
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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
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
