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Creative Live/Work Residences: Built in 1999 1411-1413 Cloverfield Blvd 3 Unit Apartment Building $2,895,000 ($965,000/Unit) 5.93% Cap Rate Santa Monica, CA 90404
Investment Highlights
- Boutique three-unit live/work property in Santa Monica’s thriving Media District
- Just one mile from the Bergamot Station Arts Center and its major redevelopment project
- Private outdoor spaces and secure off-street parking for each unit
- Built in 1999 and EXEMPT from City of Santa Monica Rent Control
- Fully remodeled interiors with hardwood flooring, high ceilings, exposed brick, central HVAC, and abundant natural light
- Prime location adjacent to Parkside Medical and St. John’s Medical Center
Executive Summary
Non Rent-Controlled Property in Santa Monica! Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present The Cloverfield Creative Residences, a boutique collection of three beautifully reimagined live/work units ideally positioned in the heart of Santa Monica’s dynamic Media District.? Located at 1411 Cloverfield Boulevard, the property offers an exceptional opportunity for both investors and owner-users seeking a flexible, high-design environment within one of the Westside’s most sought-after creative corridors.?
Surrounded by leading industry names including Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions, the property enjoys unparalleled proximity to St.? John’s Medical Center, Parkside Medical, and the emerging Bergamot Station Arts Center redevelopment.? Tenants and occupants benefit from immediate access to Santa Monica’s premier lifestyle amenities, with Colorado Center Park and Schader Park moments away, and world-class dining, shopping, entertainment venues and the beautiful Santa Monica beach within minutes.?
Each of the three residences has been thoughtfully designed with a focus on flexibility and aesthetic appeal—featuring hardwood floors, soaring ceilings, abundant natural light, exposed brick walls, central HVAC, private outdoor spaces, and secure off-street parking.? The result is a rare live/work environment equally suited to creative professionals, medical and tech users, design firms, and boutique production companies.?
Surrounded by leading industry names including Amazon, Oracle, Red Bull, CBS, Sony, and Dick Clark Productions, the property enjoys unparalleled proximity to St.? John’s Medical Center, Parkside Medical, and the emerging Bergamot Station Arts Center redevelopment.? Tenants and occupants benefit from immediate access to Santa Monica’s premier lifestyle amenities, with Colorado Center Park and Schader Park moments away, and world-class dining, shopping, entertainment venues and the beautiful Santa Monica beach within minutes.?
Each of the three residences has been thoughtfully designed with a focus on flexibility and aesthetic appeal—featuring hardwood floors, soaring ceilings, abundant natural light, exposed brick walls, central HVAC, private outdoor spaces, and secure off-street parking.? The result is a rare live/work environment equally suited to creative professionals, medical and tech users, design firms, and boutique production companies.?
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$238,944
|
$58.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,168
|
$1.75
|
| Effective Gross Income |
$231,776
|
$56.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,213
|
$14.69
|
| Net Operating Income |
$171,563
|
$41.87
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $238,944 |
| Annual Per SF | $58.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,168 |
| Annual Per SF | $1.75 |
| Effective Gross Income | |
|---|---|
| Annual | $231,776 |
| Annual Per SF | $56.56 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $60,213 |
| Annual Per SF | $14.69 |
| Net Operating Income | |
|---|---|
| Annual | $171,563 |
| Annual Per SF | $41.87 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 1 | - | 1,247 |
| 2+2 | 2 | - | 1,349 - 1,502 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4275-004-015 | Improvements Assessment | $483,574 |
| Land Assessment | $1,450,730 | Total Assessment | $1,934,304 |
Property Taxes
Parcel Number
4275-004-015
Land Assessment
$1,450,730
Improvements Assessment
$483,574
Total Assessment
$1,934,304
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Creative Live/Work Residences: Built in 1999 | 1411-1413 Cloverfield Blvd
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