1021 5th Street 107, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath
1021 5th Street 107
Santa Monica, California 90403
Property Price
SUMMARY
Analysis of 1021 5th Street 107, Santa Monica, California 90403 is currently available with a list price of $1,050,000. 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.
The property is in move-in ready condition and has been well-maintained with several key updates. The kitchen features modern stainless steel appliances, stone countertops, and a tile backsplash, while the bathrooms have been updated with newer vanities and fixtures. The unit boasts hardwood flooring in the living areas, new energy-efficient windows, and a clean, neutral aesthetic throughout. While the building was constructed in 1971, recent capital improvements such as a new roof and fresh exterior paint, combined with the updated interior components, align with the 'good' criteria. It falls short of 'excellent' due to the lack of in-unit laundry and the fact that it is a partial rather than a full recent renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Prime Coastal Location
Situated in the highly coveted Wilshire/Montana neighborhood, the property is just five blocks from the ocean and walking distance to the upscale boutiques and dining on Montana Avenue.
- Top-Tier School District
The residence is located within the prestigious Roosevelt Elementary School attendance area, offering access to some of the highest-rated public schools in the Santa Monica-Malibu Unified School District.
CONSRISKS & DEFICIENCIES
- Lack of In-Unit Laundry
The property relies on on-site community laundry facilities rather than having a private washer and dryer inside the unit, which may be a convenience drawback for some buyers.
- Older Building Construction
Built in 1971, the property may lack some of the modern amenities and architectural finishes found in newer luxury developments within the Santa Monica area.
About 1021 5th Street 107
Welcome to 1021 5th Street #107, a bright and spacious two-bedroom residence located in Santa Monica's highly coveted Wilshire/Montana coastal neighborhood. Just five blocks from the ocean and moments from the beloved Montana Avenue shops, cafes, and restaurants, this home offers an exceptional coastal setting in one of the city's most sought-after enclaves. The residence location enjoys enhanced privacy, quiet, and abundant natural light. Thoughtfully designed with no wasted space, the floor plan features a generous living room with a decorative fireplace and an open, balanced layout that feels airy, comfortable, and easy in its flow. Each of the two well-proportioned bedrooms includes its own bathroom, offering flexibility and privacy. The primary suite features a walk-in closet, while a private balcony invites in fresh ocean breezes and soft natural light. Hardwood floors anchor the main living areas, with soft carpeting in the bedrooms for added comfort. New windows throughout enhance energy efficiency and sound insulation, elevating everyday living. The courtyard-style building has recently been painted and features an updated roof, providing both curb appeal and peace of mind. Earthquake insurance is included a meaningful benefit in today's market. The unit also comes with two gated, covered parking spaces, additional storage, and convenient on-site community laundry. Enjoy close proximity to Palisades Park, the beach, the iconic Santa Monica Pier, and the vibrant Third Street Promenade. Montana Avenue the heart of the Wilshire/Montana neighborhood is just blocks away, offering an array of boutiques, cafs, and neighborhood dining destinations that define this desirable coastal community. Located within the highly regarded Roosevelt Elementary School attendance area of the Santa Monica-Malibu Unified School District, this residence presents a strong opportunity in one of Santa Monica's most established school zones.Whether as a full-time residence, starter property, or coastal retreat, Unit 107 captures Santa Monica beach living at its best, ocean breezes, and a premier WilshireMontana location just blocks from the shoreline. See PVT remarks for showing requests.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 15,015 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $579.0 / 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,031 | 1,389 | 24% |
| Lot Size | 15,015 | 7,754 | 74% |
| Price | $1.05M | $1.40M | 32% |
| Price per sq ft | $1.0K | $994 | 54% |
| Built year | 1971 | 1974 | 42% |
| HOA | $579.0 | $600 | 44% |
| Days on market | 22 | 167 | 2% |
Pricing History
Listed for Sale
Feb 12, 2026
$1,050,000
Initial Listing
Sold
Jun 23, 2020
$815,000
Public Record