3-Unit Live/Work
For Sale
$2,895,000
1411 Cloverfield Blvd, Santa Monica, CA 90404
Residential Income, Santa Monica, CA
Property Size4,098 SF
Lot Size0.05 Acres
Price / SF$706.44
Days on Market375
Property Features for 1411 Cloverfield Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SMC4*
Bedrooms
2
Bathrooms
3
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 6
Parking
6
Parking features
Assigned, Garage
Directions
Incredible Santa Monica location, just South of Santa Monica Blvd.
Subdivision
Santa Monica
Standard status
Active
APN
4275-004-015
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
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Jonathan Taksa · License #01366169
(310) 968-5303
Added: Oct 13, 2025
Changed: Oct 16
Last Checked: Oct 22 at 3:06PM
MLS# 25605237
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,098-square-foot triplex contains three reimagined live/work residences within a 0.0459-acre parcel. The units feature hardwood flooring, high ceilings, exposed brick, substantial natural light, central heating and air conditioning, private outdoor areas, and assigned garage parking. Built in 1999, the property is zoned SMC4* and carries a stated 5.93 cap rate.
The property is located at 1411 Cloverfield Blvd in Santa Monica’s Media District, near Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions. St. John’s Medical Center, Parkside Medical, Colorado Center Park, Schader Park, and the Bergamot Station Arts Center redevelopment are also identified nearby, with dining, shopping, entertainment, and Santa Monica beach within minutes.
The property is located at 1411 Cloverfield Blvd in Santa Monica’s Media District, near Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions. St. John’s Medical Center, Parkside Medical, Colorado Center Park, Schader Park, and the Bergamot Station Arts Center redevelopment are also identified nearby, with dining, shopping, entertainment, and Santa Monica beach within minutes.
Key Highlights
- Three live/work residences in a 4,098‑square‑foot triplex
- 0.0459‑acre parcel with SMC4* zoning
- 5.93 cap rate stated in the listing information
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Triplex - Reconfigured residences offer creative workspace, private outdoor areas, central HVAC, and secure assigned parking.
Where is this triplex 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 in a 4,098‑square‑foot triplex; 0.0459‑acre parcel with SMC4* zoning; 5.93 cap rate stated in the listing information
