
Santa Monica, California 90403
This Turnkey Coastal Condominium is a Strong Value Opportunity, listed at $895,000—positioned well below the $898,312 Fair Market Value by 0.37%. Featuring an updated kitchen with quartz countertops, central HVAC, and a park-front corner location, the property maintains a Good Condition Rating. With its rent control exemption and proximity to top-rated schools like Franklin Elementary, this residence offers both lifestyle appeal and financial stability. It is an ideal acquisition for Owner-Occupants seeking a beach-adjacent sanctuary or Buy-and-Hold Investors targeting high-demand Santa Monica.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1101 Lincoln Boulevard 1a Subject | $895,000* List Price | 2 | 2 | 1,014 | $886 | - |
A 1024 5th Street 3 Sold | $852,600 | 2 | 2 | 945 | $902 | 0.3 mi |
B 820 California Avenue 201 Sold | $1,025,000 | 2 | 2 | 1,131 | $906 | 0.0 mi |
C 1021 5th Street 107 Sold | $915,000 | 2 | 2 | 1,031 | $887 | 0.2 mi |
D 1101 Lincoln Boulevard 2d Sold | $749,000 | 2 | 2 | 1,012 | $740 | - |
E 521 Montana Avenue 211 Sold | $822,000 | 1 | 1 | 930 | $884 | 0.5 mi |
F 425 Idaho Avenue 10 Sold | $885,000 | 2 | 2 | 1,004 | $881 | 0.4 mi |
G 521 Montana Avenue 103 Sold | $750,000 | 1 | 1 | 930 | $806 | 0.5 mi |
H 852 15th Street 6 Sold | $985,000 | 2 | 2 | 872 | $1,130 | 0.6 mi |
I 1024 5th Street 6 Active | $1,149,000 List Price | 2 | 2 | 1,018 | $1,129 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1964, the unit has undergone significant updates including a modern kitchen with quartz countertops, updated flooring, and central HVAC. The interior is well-maintained and move-in ready, though some elements like the bathroom cabinetry and windows show signs of the building's original age, fitting the 5-15 year renovation criteria for a 'Good' rating.
Elementary School: Franklin Elementary School (9/10).
Situated in the highly coveted Wilshire-Montana neighborhood, this corner unit is directly across from Reed Park and just seven blocks from the beach, offering an unparalleled Santa Monica lifestyle.
The property is exempt from Santa Monica rent control, providing significant financial flexibility and enhanced long-term value for both owner-occupants and savvy investors.
With only one assigned parking space for a two-bedroom unit, residents with multiple vehicles may find the high-density neighborhood parking challenging.
The building utilizes community laundry rather than in-unit hookups, which may be a drawback for buyers seeking the convenience of private laundry machines.
Park-front corner residence, seven blocks from the beach! Located in Santa Monica’s desirable Wilshire-Montana neighborhood, this bright and updated 2-bedroom, 2-bath condominium offers 1,014 square feet of comfortable single-level living directly across from Christine Emerson Reed Park. The west-facing corner position welcomes abundant natural light, while the open living and dining area connects seamlessly to an updated kitchen with quartz countertops and a complete appliance package. An enclosed patio/balcony provides flexible bonus space for relaxing, working or entertaining. The spacious primary bedroom features a walk-in closet, while the second bedroom offers generous wall-to-wall storage. Additional highlights include central heating and air conditioning, smooth ceilings, excellent hallway and entry storage, controlled building access, community laundry and one assigned parking space in the gated subterranean garage. Enjoy exceptional proximity to Reed Park’s tennis courts, basketball courts and playground, along with Montana Avenue, Palisades Park, Third Street Promenade, Ocean Avenue, downtown Santa Monica, public transportation and the beach. A wonderful opportunity for a primary residence, coastal retreat or long-term investment in one of Santa Monica’s most convenient locations. 1101 Lincoln Blvd Unit 1A, APN 4281-035-055 is an exempt from Santa Monica rent control.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-5 • 1.3 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,014 | 1,332.636 |
| Lot Size | 7,496 | 8,171.182 |
| Price | $895.0K | $1.30M |
| Price per sq ft | $883 | $979 |
| Built year | 1964 | 1976 |
| HOA | $620.0 | $553 |
| Days on market | 5 | 57 |
Sep 4, 2026
$895,000
Initial Listing