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Four-Unit Quadplex with Private Yard
New
For Sale
$1,795,000

2440 Arizona Ave, Santa Monica, CA 90404

Classic post-war construction includes shared outdoor space, laundry facilities, detached garages, and alley access.

Property Size2,644 SF
Lot Size0.12 Acres
Days on Market5

Property Features for 2440 Arizona Ave

General Information

Standard status Active
Size 2,644 SF
Net Rentable 2,644 SF
Lot size 0.12 Acres
Property subtype MULTI_FAMILY

Units

Unit Mix 3 x 1BR/1BA, 1 x 1BR/1BA with private yard
Multifamily Units 4

Amenities

laundry room
shared backyard
detached garages

Building Details

Building Size 2,644 SF
Year Built 1951
Buildings 1
Listing Agency: Marcus & Millichap
Listed By: Michael Sterman · License #01911703
Source: Evecap
Added: Sep 11 Changed: Sep 13 Last Checked: Sep 14 at 7:42AM

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 Marcus & Millichap

Investment Insights

Based on property information with market context.

Built in 1951, this four-unit Santa Monica property contains approximately 2,644 square feet of rentable living area on a 5,198-square-foot lot. The unit mix includes three 1-bedroom/1-bath residences and one 1-bedroom/1-bath residence with a private yard. Property features include a laundry room, shared backyard, and detached garages reached from the alley. Two units, including the private-yard residence, will be delivered vacant.

The property is near McKinley Elementary School, St. John's Hospital, and UCLA Medical Center Santa Monica, with the beaches and Third Street Promenade approximately two miles away. Its Santa Monica setting also provides proximity to Downtown Santa Monica, UCLA, and employment centers along the Westside, including Silicon Beach. An ADU addition may be explored subject to buyer verification.

Key Highlights

  • Four‑unit property built in 1951
  • Approximately 2,644 square feet on a 5,198‑square‑foot lot
  • Unit mix includes three 1‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit with a private yard

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Tattoo & Piercing Shop Food Market Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

8,061
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Classic post-war construction includes shared outdoor space, laundry facilities, detached garages, and alley access.
Where is this quadplex located?
The property is located at 2440 Arizona Ave Santa Monica, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Four‑unit property built in 1951; Approximately 2,644 square feet on a 5,198‑square‑foot lot; Unit mix includes three 1‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit with a private yard
More about this property
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