Renovated Santa Monica Apartment
For Sale
$4,950,000
2626 Cloverfield, Santa Monica, CA 90405
Turnkey 12-unit apartment building in prime Santa Monica location.
Property SizeContact for details
Days on Market138
Property Features for 2626 Cloverfield
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1966
Listing Agency:
STEVEN M. BOGOYEVAC, BROKER
(562) 257-1231
Listed By:
Steven Bogoyevac · License #01332755
(562) 257-1231
Source:
Elliman
Added: Apr 15
Changed: Jul 10
Last Checked: Aug 30 at 1:08PM
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 STEVEN M. BOGOYEVAC, BROKER
Investment Insights
Based on property information with market context.
The renovated 12-unit apartment building is located in Santa Monica, California. Constructed in 1966, the property features eleven one-bedroom units and one studio, all of which have undergone comprehensive interior renovations. Unit upgrades include new flooring, modernized kitchens with updated cabinetry and appliances, in-unit washer/dryer combinations, contemporary bathrooms, and air conditioning in select units. The building is separately metered for gas and electricity. Exterior improvements include fresh paint, vibrant unit entries, and low-maintenance landscaping featuring turf. The asset also offers six surface parking spaces. Positioned at the corner of Ocean Park Boulevard and Cloverfield Boulevard, the property benefits from proximity to amenities. Santa Monica College is located just a half-mile away, while the beach and the vibrant dining and shopping corridor along Main Street are less than two miles. The Santa Monica Pier and Third Street Promenade are accessible within a 10-minute drive. The location attracts a strong tenant base, supported by an average household income exceeding $148,000 within a one-mile radius. The property is located in a Biker's Paradise with a bike score of 91, is somewhat walkable with a walk score of 68, and has good transit with a transit score of 56.
Key Highlights
- Fully renovated 12‑unit apartment building in Santa Monica, a turnkey investment.
- Strong in‑place income with immediate upside potential.
- Prime coastal location near Santa Monica College, the beach, Main Street, Santa Monica Pier, and Third Street Promenade.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 90405, CA
27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 12-unit apartment building in prime Santa Monica location.
Where is this apartment building located?
The property is located at 2626 Cloverfield Santa Monica, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Fully renovated 12‑unit apartment building in Santa Monica, a turnkey investment.; Strong in‑place income with immediate upside potential.; Prime coastal location near Santa Monica College, the beach, Main Street, Santa Monica Pier, and Third Street Promenade.
