1021 5th Street 106, Santa Monica, California 90403, Santa Monica, 90403 - 1 bed, 1 bath
1021 5th Street 106
Santa Monica, California 90403
Property Price
SUMMARY
Analysis of 1021 5th Street 106, Santa Monica, California 90403 is currently available with a list price of $715,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1971, the property appears well-maintained and move-in ready based on the provided images. The kitchen has been updated with modern white shaker-style cabinetry, stone countertops, and stainless steel appliances. The bathroom features a contemporary vanity and clean fixtures. While the building is older, the unit shows minimal wear with updated flooring and a functional layout, though the listing disclaimer regarding the accuracy of the photos suggests the score is based on the representative quality shown.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Prime Coastal Location
Situated on one of Santa Monica's most desirable streets, the property is just blocks from the beach, Third Street Promenade, and Montana Avenue's premier shopping and dining.
- Competitive HOA Dues
The monthly association fee is notably low for the area and includes earthquake insurance, providing significant value and financial security within a boutique 21-unit complex.
CONSRISKS & DEFICIENCIES
- Ambiguous Visual Representation
The listing disclaimer stating that photos may not represent the actual unit for sale creates uncertainty regarding the current interior condition and aesthetic.
- Dated Building Infrastructure
Constructed in 1971, the property may require modern aesthetic updates or system renovations to align with contemporary luxury standards in the Santa Monica market.
About 1021 5th Street 106
Located on one of the best streets in Santa Monica, with just a few blocks from the Promenade, the Beach, Montana and some of the best restaurants and shopping, is this charmng 1 bedroom, 1 bath unit, in 745 square feet. The unit overlooks the charming court yard and has a great floor plan. Great closet space, an inviting gas fireplace in the living room, a spacious primary bedroom with a balcony are just some of the features the unit offers. A 21 unit complex with low dues that include earthquake insurance. Pictures may not represent the actual unit for sale.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 15,015 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $418.56 / Month
Neighborhood Insights
Santa Monica Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.4 mi
Franklin Elementary School
Grades PK-5 • 1.5 mi
Lincoln Middle School
Grades 6-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.5 | 18% |
| Square foot | 745 | 1,389 | 10% |
| Lot Size | 15,015 | 7,754 | 74% |
| Price | $715.0K | $1.40M | 10% |
| Price per sq ft | $960 | $984 | 46% |
| Built year | 1971 | 1974 | 42% |
| HOA | $418.56 | $600 | 22% |
| Days on market | 16 | 167 | 2% |
Pricing History
Listed for Sale
Feb 18, 2026
$715,000
Initial Listing