1015 21st Street B, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath
Loading property details...
Santa Monica, California 90403
This Spacious Santa Monica Townhouse is a Prime Investment Opportunity listed at $1,450,000—positioned well below the $1,490,858 Fair Market Value by 2%. This valuation gap offers $40,858 in Instant Equity for buyers. While the property holds a Condition Rating of 4, its dated 1974 finishes and unverified square footage provide a clear path for forced appreciation through modernization. Featuring a private rooftop deck with ocean views and proximity to Franklin Elementary, this residence balances lifestyle and logic. It is ideal for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1015 21st Street B Subject | $1,420,000* List Price | 3 | 3 | 1,700 | $835 | - |
A 1932 Idaho Avenue Sold | $1,515,000 | 3 | 3 | 1,634 | $927 | 0.2 mi |
B 1044 20th Street 11 Sold | $1,103,000 | 2 | 3 | 1,346 | $819 | 0.1 mi |
C 1138 21st Street 2 Sold | $1,206,450 | 2 | 3 | 1,386 | $870 | 0.2 mi |
D 1148 Chelsea Avenue 1 Sold | $1,745,000 | 4 | 3 | 2,000 | $873 | 0.3 mi |
E 1119 23rd Street 7 Sold | $1,569,000 | 3 | 3 | 2,046 | $767 | 0.2 mi |
F 1207 California Avenue Sold | $1,580,000 | 3 | 3 | 1,740 | $908 | 0.7 mi |
G 832 15th Street 4 Sold | $1,784,000 | 2 | 3 | 1,683 | $1,060 | 0.5 mi |
H 808 Washington Avenue Sold | $1,660,000 | 2 | 3 | 1,568 | $1,059 | 1.0 mi |
I 1013 16th Street 104 Active Under Contract | $1,490,000 List Price | 3 | 2 | 1,701 | $876 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property is well-maintained but clearly dated, fitting the >20-year renovation profile. The kitchen features older black appliances and a mirrored backsplash, while the den area utilizes a dated drop ceiling. While the unit is functional and includes central HVAC, the kitchen, baths, and fixtures require modernization to meet current 'Good' or 'Excellent' standards.
Situated in one of Santa Monica's most desirable pockets, the property offers exceptional walkability to Montana Avenue shops, top-rated Franklin Elementary, and premium grocers like Whole Foods and Trader Joe's.
The floor plan features a rare combination of a den, loft, and atrium, providing flexible spaces for multiple home offices or additional bedrooms, totaling approximately 1,700 square feet of living area.
As a secluded rear unit, it boasts a private rooftop deck with ocean views and a front patio, offering a level of privacy and outdoor lifestyle rarely found in a 12-unit complex.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1600.
Built in 1974, the property may require updates to its original systems, fixtures, or common area aesthetics to meet the expectations of modern luxury buyers in this price point.
A significant portion of the living space, including the den and loft, is estimated and not guaranteed, which could present challenges during the appraisal process or future resale.
One of the best North of Wilshire locations, close to Franklin Elementary School and Montana Ave, Trader Joe's, Whole Foods, cafes, and shops. This is one of 4 very special rear townhouse units, offering total privacy and a rooftop deck with ocean views as the clouds clear. 12 units in all. 3 bedrooms and a downstairs den/ office, which could be a 4th bedroom by adding back in a closet. There is also a loft level, bonus area, which is your second option for an office. Dining room, plus eating area in the kitchen, plus atrium, offers 3 "where to eat" options. Living room with atrium and front patio has a gas fireplace. Central heat and air. The primary bedroom with adjoining bath has a vaulted ceiling and a nice walk-in closet. The downstairs den and laundry area add an additional 120 square feet and the upstairs loft probably another 100 feet as well. Total measurement (not guaranteed) should be approximately 1,700 sqft, making this an incredibly under market value. Low HOA $425/ month. Direct access side by side parking.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,700 | 1,346 |
| Lot Size | 16,536 | 7,869 |
| Price | $1.42M | $1.33M |
| Price per sq ft | $835 | $977 |
| Built year | 1974 | 1978 |
| HOA | $425.0 | $500 |
| Days on market | 89 | 57 |
Jul 17, 2026
$1,420,000
$1,450,000
-2% Price Drop
Initial Listing
Apr 24, 2026
$1,450,000
Initial Listing