
Santa Monica, California 90405
Analysis of 2626 Cloverfield, Santa Monica, California 90405 is currently available with a list price of $4,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property has undergone a comprehensive and high-quality renovation within the last 5 years, featuring modernized kitchens with updated cabinetry and appliances, contemporary bathrooms with trendy textured tiling and black hardware, and new wide-plank flooring throughout. The exterior has been refreshed with modern paint and low-maintenance turf, and the units include updated electrical fixtures and in-unit laundry, meeting the criteria for a fully renovated, turnkey asset with no deferred maintenance.
The property features comprehensive interior and exterior upgrades, including modernized kitchens and in-unit laundry, allowing for immediate occupancy and reduced capital expenditure.
Situated in a high-demand Santa Monica neighborhood near Santa Monica College and the beach, the asset benefits from a wealthy tenant base and a supply-constrained rental market.
With separate metering for gas and electricity and low-maintenance landscaping, the property offers streamlined management and lower utility overhead for the owner.
The property was recently sold within the past year on 2025-05-08. The sold price is $4,500,000.00.
The property provides only six surface parking spaces for twelve units, which may pose a challenge for tenant retention in a car-dependent region.
The unit mix is restricted to one-bedroom and studio apartments, which may limit the appeal to a broader demographic of renters seeking larger living spaces.
2626 Cloverfield Boulevard is a renovated 12-unit apartment building in the world-renowned coastal market of Santa Monica, California. This offering represents an exciting opportunity to acquire a turnkey asset with remodeled interiors, strong in-place income, and immediate upside potential. Originally constructed in 1966, the property consists of 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, contributing to both curb appeal and reduced ongoing costs. The asset also offers six surface parking spaces. Positioned at the corner of Ocean Park Boulevard and Cloverfield Boulevard, the property benefits from exceptional proximity to Santa Monica’s most sought-after 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 iconic Santa Monica Pier and Third Street Promenade are accessible within a 10-minute drive. This prime coastal location continues to attract a strong tenant base, supported by an average household income exceeding $148,000 within a one-mile radius. 2626 Cloverfield Boulevard offers investors the ability to acquire a well-located, fully renovated asset with durable tenant demand, operational efficiencies, and clear near-term income growth in one of Southern California’s most supply-constrained and resilient rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
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| Built year | 1966 | - | 0% |
| HOA | $0 | $0 | 0% |
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Apr 8, 2026
$4,950,000
Initial Listing
May 8, 2025
$4,500,000
Public Record
Nov 12, 2021
$2,775,000
Public Record