1029 Yale Street, Santa Monica, California 90403, Santa Monica, 90403 - 6 bed, 6 bath
1029 Yale Street
Santa Monica, California 90403
Property Price
SUMMARY
Analysis of 1029 Yale Street, Santa Monica, California 90403 reveals a property with a current list price of $6,195,000, which is 3% above the estimated $5,969,890 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1029 Yale Street Subject | $6,195,000* List Price | 6 | 6 | 4,254 | $1,403 | - |
A 1059 Princeton Street Sold | $5,061,413 | 5 | 5 | 4,675 | $1,083 | 0.2 mi |
B 918 Stanford Street Sold | $6,000,000 | 5 | 6 | 3,884 | $1,545 | 0.2 mi |
C 918 22nd Street Sold | $7,750,000 | 7 | 10 | 5,428 | $1,428 | 0.6 mi |
D 911 Yale Street Active | $6,550,000 List Price | 6 | 7 | 4,142 | $1,581 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a brand-new construction slated for completion in January 2026. The description highlights a modern open-concept layout, meticulous attention to detail, high-end finishes, and state-of-the-art amenities. As a newly built home, all components, including the kitchen, bathrooms, appliances, and systems, will be new and meet current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Customization
As a brand new home slated for completion in January 2026, it offers a rare opportunity for buyers to collaborate with the builder mid-construction, allowing for personalized design and finishes.
- Premier Santa Monica Location
Ideally situated in the highly desirable College Streets neighborhood, moments from Montana Avenue's vibrant shops, dining, and Erewhon, ensuring a coveted lifestyle.
- Detached Accessory Dwelling Unit (ADU)
The detached guest house significantly enhances versatility, providing private accommodations for guests, extended family, or potential for rental income/dedicated home office.
CONSRISKS & DEFICIENCIES
- Delayed Occupancy
The property is still under construction with a projected completion in January 2026, requiring buyers to wait for move-in and potentially face construction-related delays.
- Lot Size Relative to Price
While a good size, the 6,400 sq. ft. lot is on the smaller side for a luxury new build in this price range within Santa Monica, potentially limiting extensive outdoor amenities compared to some comparables.
- Price Point vs. Estimated Value
The current list price of $6.195M is higher than the estimated property value of $5.97M, which could indicate a slight overvaluation or a premium for the new construction/customization not fully captured by standard models.
About 1029 Yale Street
Slated for completion in January 2026, this stunning 4,254 sq. ft. traditional-style residence is situated on a 6,400 sq. ft. lot in the highly desirable College Streets neighborhood of Santa Monica. The main house will feature a modern open-concept layout, perfectly suited for family living and entertaining. With 5 bedrooms, a dedicated office, and seamless indoor-outdoor flow, every space is thoughtfully designed for comfort and functionality. The detached guest house (ADU) adds even more versatility, offering private accommodations for guests, extended family, or a home office.Crafted with meticulous attention to detail and high-end finishes, this home promises to deliver state-of-the-art amenities in a warm, inviting atmosphere. A rare and exciting opportunity awaits to step in mid-construction and collaborate with the builder to design a home uniquely tailored to your lifestyle. Ideally located just moments from Montana Avenue's vibrant shops and Erewhon, this is your chance to secure a one-of-a-kind property in one of Santa Monica's most coveted neighborhoods. Don't miss this opportunity to make your dream home a reality!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2025
- Lot Size
- 6,400 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 80% |
| Baths | 6.0 | 4.0 | 80% |
| Square foot | 4,254 | 1,955 | 73% |
| Lot Size | 6,400 | 7,507 | 27% |
| Price | $6.20M | $3.33M | 80% |
| Price per sq ft | $1.5K | $1.7K | 33% |
| Built year | 2025 | 1939 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 325 | 191 | 93% |
Pricing History
Sold
Oct 27, 2022
$2,925,000
Public Record