1040 4th Street 405, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath

1040 4th Street 405, Santa Monica, California 90403 home-pic-0
ACTIVE$3,125,000
1040 4th Street 405, Santa Monica, California 90403
3Beds
3Baths
2,243Sqft
30,033Lot
Year Built
1990
Close
-
List price
$3.13M
Original List price
$3.19M
Price/Sqft
$1,393
HOA
$908.46
Days on market
-
Sold On
-
MLS number
25508953
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
Deck
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $3.12M(96th), sqft - 2243(91th), beds - 3(73th), baths - 3(50th).

Welcome to The Dorchester House, an exquisite penthouse unit located just four blocks from the beach, moments from the vibrant 3rd Street Promenade, and offering easy access to Montana Avenue. This stunning two-story home at 1040 4th St Unit 405 features 3 bedrooms, 3 bathrooms, and 2,243 sqft of luxurious living space, where sophistication meets coastal charm.The expansive living areas feature 8-foot double-height windows and French doors that open up to a front-facing private balcony, providing a perfect space to enjoy the views. Additionally, the unit offers a spacious private outdoor patio, tucked on the side of the home, ideal for relaxing, dining, or entertaining in complete privacy. The primary bedroom boasts a walk-in closet, and the spa-like primary bathroom includes a soaking tub, shower, and double vanity for a truly indulgent experience.The open-concept kitchen is a chef's dream, equipped with top-of-the-line appliances and sleek finishes. The second floor features a lofted space with a second bedroom, offering a perfect retreat or additional living area. Glass railings enhance the modern, airy feel, and every bedroom includes its own ensuite bathroom for ultimate privacy and convenience.Additional features include a laundry room, multiple indoor storage closets, and a storage closet located outside for added convenience. With 3 side-by-side parking spaces, parking in the city is a breeze.This is a rare opportunity to live in a penthouse unit in one of Santa Monica's most coveted locations, with easy access to the beach, the 3rd Street Promenade, and all the best dining, shopping, and entertainment the area has to offer. Experience the ultimate coastal lifestyle at The Dorchester House!

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.5mi
9/10
Franklin Elementary School
Public,PK-51.6mi
8/10
Lincoln Middle School
Public,6-80.9mi
8/10
Santa Monica High School
Public,9-121.1mi

Price History

Date
Event
Price
05/24/21
Sold
$2,780,000
05/20/11
Sold
$1,500,000
05/17/10
Sold
$1,375,000
12/28/01
Sold
$857,500
03/31/99
Sold
$574,000
Condition Rating
Excellent

Despite being built in 1990, this penthouse unit has undergone an extensive, high-quality renovation, likely within the last 5 years, as evidenced by the modern aesthetic and high-end finishes. The kitchen is a 'chef's dream' with top-of-the-line stainless steel appliances, sleek dark green/blue shaker cabinets, black countertops, and a farmhouse sink. The bathrooms are described as 'spa-like' with modern tiling, glass enclosures, and updated fixtures. The property features modern glass railings, dark wood/polished concrete flooring throughout, and contemporary light fixtures. While the listing notes a 'Lack of Central Cooling,' the overall condition of the renovated components is virtually new and meets current luxury standards, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime Location: Situated just four blocks from the beach, moments from the 3rd Street Promenade, and with easy access to Montana Avenue, offering an unparalleled coastal lifestyle.
Luxurious Penthouse Design: A two-story penthouse unit featuring expansive living areas with 8-foot double-height windows, French doors, and modern glass railings, enhancing its airy and sophisticated feel.
Exceptional Outdoor Spaces: Includes both a front-facing private balcony and a spacious, private outdoor patio, providing versatile areas for relaxation and entertaining.
High-End Interior Finishes: Boasts a chef's dream open-concept kitchen with top-of-the-line appliances, a spa-like primary bathroom, and ensuite bathrooms for every bedroom, ensuring luxury and privacy.
Abundant Parking & Storage: Offers the rare convenience of 3 side-by-side parking spaces, along with a dedicated laundry room and multiple indoor and outdoor storage closets.

Cons

High Association Fees: The monthly association fee of $908.46 is substantial and represents a significant ongoing cost for ownership.
Lack of Central Cooling: The property description does not mention a cooling system, which could be a drawback during warmer periods, even in coastal Santa Monica.
Recent Price Reduction: The current list price is lower than the original list price, potentially indicating an initial overpricing or slower market absorption.

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