
Santa Monica, California 90403
This Value-Add Coastal Condominium is listed at $1,199,000, positioned near its $1,145,840 Fair Market Value within the highly stable Wilshire/Montana district. Holding a Condition Rating of 4, the property is explicitly marketed as a "canvas for personalization," offering a generous 1,346 sqft footprint and a rare three-bathroom configuration. The residence provides access to the 9/10 rated Franklin Elementary School and 8/10 rated Lincoln Middle School, ensuring long-term asset stability. This is a prime acquisition for Value-Add Investors or Owner-Occupants seeking to force appreciation through a comprehensive interior renovation in a premier coastal community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1044 20th Street 11 Subject | $1,199,000* List Price | 2 | 3 | 1,346 | $851 | - |
A 1932 Idaho Avenue Sold | $1,515,000 | 3 | 3 | 1,634 | $927 | 0.2 mi |
B 925 14th Street 20 Sold | $1,080,000 | 2 | 3 | 1,317 | $820 | 0.4 mi |
C 1127 10th Street 104 Sold | $1,090,000 | 3 | 2 | 1,307 | $834 | 0.7 mi |
D 1925 Montana Avenue 3 Sold | $890,000 | 2 | 2 | 1,152 | $773 | 0.4 mi |
E 938 18th Street 5 Pending | $1,049,000 List Price | 2 | 3 | 1,289 | $814 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, this property is in largely original condition and is explicitly marketed as a 'canvas for personalization.' The kitchen and bathrooms feature dated cabinetry, older appliances, and 'rustic' finishes that show significant age. While the unit appears functional and maintained through regular upkeep, the flooring, light fixtures, and overall aesthetic are outdated and require a comprehensive cosmetic renovation to meet modern standards.
Elementary School: Franklin Elementary School (9/10).
Situated in the highly coveted Wilshire/Montana neighborhood, this property boasts exceptional walkability to Montana Avenue’s upscale boutiques and is just over a mile from the Santa Monica State Beach and 'The Strand' bike path.
The residence is served by prestigious schools, including the 9/10 rated Franklin Elementary and 8/10 rated Lincoln Middle School, providing significant long-term value for families and investors alike.
The property is positioned as a 'canvas for personalization' with a 'rustic visual appeal,' indicating that the interior finishes and flooring are dated and will require a substantial capital investment to modernize.
Constructed in 1975, the building may lack the modern energy efficiencies, contemporary amenities, and soundproofing standards found in newer luxury developments within Santa Monica.
This 2-bedroom, 3-bathroom condo at 1044 20th St. APT 11, Santa Monica, CA 90403, offers a unique opportunity for those seeking to establish roots in a highly desirable coastal community. The unit, spanning 1,346 square feet, presents a canvas for personalization, particularly regarding its flooring and rustic visual appeal. Situated in the Wilshire/Montana neighborhood, this residence boasts exceptional walkability and bike-ability. The Santa Monica State Beach is readily accessible, located just over a mile away, offering a perfectly distanced bicycle ride along "The Strand" bike path. This path provides access to numerous attractions, including the Santa Monica Pier, Venice Boardwalk, and Marina Del Rey.Residents will enjoy the convenience of being surrounded by a wealth of community amenities. The condo is just moments away from the esteemed shops and restaurants of Wilshire Boulevard and Montana Avenue. Additionally, Christine Emerson Reed Park offers tennis courts, a playground, and a basketball court. Nearby are major grocery stores like Trader Joe's, Erewhon, and Whole Foods.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,346 | 1,394 | 43% |
| Lot Size | 19,864 | 7,985.5 | 83% |
| Price | $1.20M | $1.40M | 40% |
| Price per sq ft | $891 | $994 | 26% |
| Built year | 1975 | 1974 | 52% |
| HOA | $460.0 | $648 | 21% |
| Days on market | 43 | 172 | 2% |
Mar 10, 2026
$1,199,000
Initial Listing